Trends in Retail Payments and Insights from Public Survey Results
While the volume and value of bank notes have continued to increase, the use of cash as a payment method has been affected by the growing use of electronic alternatives. Taylor reports on a 2004 Bank of Canada survey of consumers' payment habits and their perceptions of cash and its alternatives, including their confidence in the security of bank notes. Analysis of the survey results shows that numerous factors affect the demand for bank notes, including income, age, education, gender, the use of debit and credit cards, and the perceived convenience of cash. Taylor also includes a report on the construction of a bank note confidence index that will serve as a benchmark for future surveys.
Year of publication: |
2006
|
---|---|
Authors: | Taylor, Varya |
Published in: |
Bank of Canada Review. - Bank of Canada. - Vol. 2006.2006, Spring, p. 25-36
|
Publisher: |
Bank of Canada |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Examining Full Collateral Coverage in Canada’s Large Value Transfer System
Embree, Lana, (2015)
-
Removal of the unwinding provisions in the automated clearing settlement system: A risk assessment
Labelle, Nicholas, (2014)
-
Merchant acceptance, costs, and perceptions of retail payments: A Canadian survey
Arango, Carlos, (2008)
- More ...