Foster, Kevin; Meijer, Erik; Schuh, Scott; Zabek, Michael A. - Federal Reserve Bank of Boston - 2011
This paper presents results of the 2009 Survey of Consumer Payment Choice (SCPC), along with revised 2008 SCPC data. In … 2009, the average U.S. consumer held 5.0 of the nine payment instruments available, including cash, and used 3.8 of them … using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card …