In the U.S., the share of payments made "electronically"--with credit cards, debit cards, and direct payments--grew from 25 percent in 1995 to over 50 percent in 2002 (BIS, 2004). This paper frames this aggregate change in the context of individual behavior. Family level data indicate that the...

This study uses the 1995 Survey of Consumer Finances to examine households' use of technologies, including electronic means, to carry out transactions at a financial institution and to gain information for making saving and borrowing decisions. Household use of various technologies is correlated...

Electronic payments have become a prominent feature of the U.S. economic landscape, as consumers, businesses, and governments have increasingly used electronic instruments to make retail payments. Survey research by the Federal Reserve published in 2002, for example, indicates that the use of...