Consumer payments in the United States gradually have been shifting away from paper checks for the past several years. Cash use has declined as well, although at a much slower pace. As the number of check payments has decreased, those payments have been replaced with electronic and card...

Since the mid-1990s, the U.S. payment system has been undergoing a transformation featuring a significant decline in the use of paper checks that has been quite uneven across consumers and not well understood. This paper estimates econometric models of consumers’ adoption (extensive margin)...

Payment cards have been a perennial source of debate among economists. That debate received additional fodder in 2011 with passage of the Durbin Amendment, which targets debit card interchange fees. I assess the claim that the merchant side of the debit card payment platform has paid more than...