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Payment transformation has generated a shift from paper to cards and electronic payments in the United States, but there is also a large degree of heterogeneity among consumers in how they pay. We present factors affecting consumer payment behavior, show data on how consumers pay in the United...
Persistent link: https://www.econbiz.de/10012953063
Despite the introduction of new technology and new ways to make payments, the Survey of Consumer Payment Choice (SCPC) finds that consumer payment behavior has remained stable over the past decade. In the 10 years of the survey, debit cards, cash, and credit cards consistently have been the most...
Persistent link: https://www.econbiz.de/10012898943
Previous research has found that perceptions of payment security affect consumers' use of payment instruments. We test whether the Target data breach in 2013 was associated with a change in consumers' perceptions of the security of credit cards and debit cards and with subsequent changes in...
Persistent link: https://www.econbiz.de/10012985796
The 2015 Survey of Consumer Payment Choice (SCPC) was implemented using a new longitudinal panel, the Understanding America Study (UAS), and results are not yet comparable to the 2008–2014 SCPC. In 2015, U.S. consumers made 68.9 payments per month. Debit cards remained the most popular payment...
Persistent link: https://www.econbiz.de/10012946606
In 2014, the average number of U.S. consumer payments per consumer per month decreased to 66.1, in a statistically insignificant decline from 67.9 in 2013. The number of payments made by paper check continued to decline, falling by 0.7 to 5.0 checks per month, while the number of electronic...
Persistent link: https://www.econbiz.de/10012981763
Today's consumer has access to more payment instruments than consumers of just a few years ago. As the number of available payment methods increases, so does the need to understand why consumers adopt certain payment instruments, how consumers choose to pay for purchases, which consumers make...
Persistent link: https://www.econbiz.de/10014130663
This paper describes the results, content, and methodology of the 2012 Diary of Consumer Payment Choice (DCPC), the first edition of a survey that measures payment behavior through the daily recording of U.S. consumers? spending by type of payment instrument. A diary makes it possible to collect...
Persistent link: https://www.econbiz.de/10013298352
Persistent link: https://www.econbiz.de/10014336264