This article reviews the current landscape for payment discounts and surcharges, considers whether they influence … consumer payment choice, and offers several policy responses. …

-called "revolvers" exhibit payment behavior that differs from that of those who repay their entire credit card balance every month … been no empirical analysis exploring the relationship between revolving behavior and patterns of payment use, such as … substitution away from credit cards to other payment methods. ; Using data collected in the 2005 Survey of Consumer Payment …

Dramatic changes have occurred in the U.S. payment system over the past two decades, most notably an explosion in … that predict consumer responses to alternative payment choices. We find that consumers respond strongly to elapsed time at … the checkout counter and to whether the payment instrument draws from debt or liquidity. In addition, substitution …

and other payment instruments. We also examine the relationship between household financial conditions and payment choice … this represents the first microeconomic evidence in the United States on price sensitivity for a card payment at the point …