This paper investigates the degree to which merchants influence consumers' choice of how they pay for transactions. Using data from the Survey and Diary of Consumer Payments Choice, we examine consumers' adherence to their preferred payment method when making in-person transactions. We also...

Monetary policy impacts consumer spending via the effect of interest rate changes on credit card borrowing. Using supervisory account-level spending and balance data, we estimate that a 1 percentage point increase in the interest rate reduces credit card spending by nearly 9 percent and...

The exponential growth of e-commerce and advancements in financial technology have escalated credit card fraud into a major threat, resulting in billions of dollars in global losses annually. This necessitates the development of sophisticated fraud detection systems capable of real-time anomaly...

Reducing the risk of fraud in credit card transactions is crucial for the competitiveness of companies, especially in Latin American countries. This study aims to establish measures for preventing and detecting fraud in the use of credit cards in shops through analytical methods (data mining,...

This study aims to explore whether there is evidence supporting that the State Welfare Card causes the reduction of the poverty rate in Thailand. With data limitations, we rely on the 2019 household socio-economic survey to compare the consumption expenditure of those who received the card...

This study explores supervised ML-DL based approaches for enhancing credit card fraud detection and improving financial risk management systems for EU banks. This research proposes an ensemble method based on majority voting (Hard Voting Classifier) of deep learning models to detect fraud...

Between 2012 and 2024, Poland-once a laggard in cashless payments among EU countries-underwent a profound transformation. The per capita number of cashless transactions at physical points of sale increased more than eightfold, rising from approximately 30 to over 250 per year, surpassing the EU...

Utilizing near real-time QuickBooks data from over 1.6 million small businesses and a targeted survey, this paper highlights the critical role credit card financing plays for small business activity. We examine a two year period beginning in January of 2021. A turbulent period during which,...

This document is part of a set of guidance and specification materials that have been developed to support card issuers in the implementation of the ESC. More information on the guidance materials can be found in Annex I: Other documents of interest. To support technical administrators in...

This document is part of a set of guidance and specification materials that have been developed to support card issuers in the implementation of the ESC. More information on the guidance materials can be found in Annex I: Other documents of interest. To support technical administrators in...

This paper introduces a novel monthly consumption indicator: the IZA/Fable Swipe consumption index for Germany. It is based on credit card transactions data collected and anonymised by Fable Data from 2017 onwards. We study some of the properties of the data and use a so-called "one year look...

Utilizing near real-time QuickBooks data from over 1.6 million small businesses and a targeted survey, this paper highlights the critical role credit card financing plays for small business activity. We examine a two year period beginning in January of 2021. A turbulent period during which,...

Payment costs for consumers are difficult to determine, are not recorded in an internationally harmonized manner and vary significantly from country to country. They are incurred in many forms, for example as fees for account management, for cash withdrawals at ATMs or for payment cards; but...

According to the Federal Reserve of the United States, in the second quarter of 2024, American credit card debt reached USD 1.14 trillion, the highest balance ever recorded. In an age of high-interest, complex credit cards, how does financial literacy affect credit card debt repayment? Also, how...

The rapid growth of the consumer credit card market has introduced substantial regulatory and risk management challenges. To address these challenges, financial institutions increasingly adopt advanced machine learning models to improve default prediction and portfolio monitoring. However, the...

Research background: The development of innovative technologies has contributed to significant changes in the market for payment instruments. These changes have become a challenge for banks and have contributed to the continuous expansion of the products they offer, more technologically...

Financial literacy is crucial in navigating complexities of personal finance, enabling individuals to make informed decisions about budgeting, saving, investing, and borrowing. Financially more literate individuals are better equipped to withstand economic uncertainties, achieve their financial...

Do you have a question about the European Student Card? You can now get support to implement the European Student Card via the European Student Card Initiative (ESCI) Service Desk, which now offers user support for all ESCI building blocks in one place.

Erasmus Without Paper is now an integral part of the management of Erasmus+ mobilities. A new onboarding guide aims to support new colleagues in finding their way in using these new digital processes. It provides guidance and links to the most important documentation and resources.

The European Student Card (ESC) is getting a new digital platform. The revamped ESC Router will make it easier for higher education institutions to issue ESCs and for mobile students to validate their student status and access student services across the European Education Area. See all details...

This paper investigates the effects of monetary policy on the credit card spending on different sectors. The investigation is based on a structural vector autoregression model, where sector-specific real credit card spending data (adjusted for inflation) representing an overall country,...

As in previous years, the European Student Card Initiative (ESCI) is present throughout the EAIE's conference programme September 17 20. Check the detailed agenda in our website and come talk with the team behind the ESCI!

We're excited to share the latest updates on the European Student Card Initiative's future! As we prepare for ESCI Phase II, the commitment and enthusiasm of many organisations have been key. Together, we're building the ESCI infrastructure for the future of Erasmus+ mobility!

Increasing personal bankruptcy protection raises consumers' desire to borrow and lenders' cost of extending credit; the impact on equilibrium borrowing is ambiguous. Using bankruptcy protection changes between 1999 and 2005 across U.S. states, we find that borrowers respond to greater protection...

The European Student Card (hereby ESC) streamlines student mobility and fosters synergies between higher education institutions in the European Education Area. The ESC establishes a common European identity for higher education students, who can get their student status verified easily across...

The purpose of this document is to support and provide clear guidelines to card issuers and other relevant stakeholders, ensuring that the ESC logo is consistently and correctly implemented, recognisable, and adapted to all digital and physical card formats. By following this graphic charter,...