Trends And Preferences In Consumer Payments PDF Download
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Author | : Susan Herbst-Murphy |
Publisher | : |
Total Pages | : 23 |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Trends and Preferences in Consumer Payments Book in PDF, ePub and Kindle
Michael Marx, senior director, Visa Research Insights, conducted a workshop in 2009 at the Payment Cards Center (PCC) as the economy was emerging from a recession. At that time, it appeared that the recession had affected consumer payment preferences, especially those related to cash and credit cards. To get an update on consumers' use of the various payment methods, the PCC invited Marx to facilitate another workshop in 2014. More recent findings from the Visa Payment Panel Study reveal declines in cash use -- a return to the long-term trend -- and increases in credit card use, perhaps signaling some return of confidence among consumers. Check use continued its unbroken long-term decline, and debit card growth has slowed. Private label cards have also registered a steady decline in their share of spending volume for a number of years. Their revolving credit utility, however, remains consequential in financing consumer purchases.
Author | : Stacey L. Schreft |
Publisher | : DIANE Publishing |
Total Pages | : 21 |
Release | : 2010-11 |
Genre | : Business & Economics |
ISBN | : 1437934579 |
Download How and Why Do Consumers Choose Their Payment Methods? Book in PDF, ePub and Kindle
The set of payment options has expanded over time. Today, consumers¿ wallets often hold currency, checks, multiple credit cards, debit cards, and perhaps even stored value cards. This report provides an overview of the literature on consumer payment behavior. It considers the state of our understanding of how and why consumers choose their payment methods and what is needed to make more headway in understanding consumer payment decisions. It closes by discussing the policy issues that require that we make progress with payments research.
Author | : Robert E. Litan |
Publisher | : Rowman & Littlefield |
Total Pages | : 158 |
Release | : 2009-12-01 |
Genre | : Business & Economics |
ISBN | : 0815703783 |
Download Moving Money Book in PDF, ePub and Kindle
Once we paid for things with bills, coins, or checks. Today we pay with zeroes and ones—digital entries on credit and debit cards, or electronic messages sent over the Internet. In Moving Money, distinguished analysts explore this trend, its development and likely future, and the ramifications of this transformation. This is a book about money as a medium of exchange—in the past, in the present, but particularly in the future. What forms has money taken over the years? Moreover, how have those means of payment changed in recent years, and how will they develop in the future? And what (if anything) should policymakers do to facilitate those changes, or at least allow them to develop and mature? Brookings economists Robert E. Litan and Martin Neil Baily and a distinguished group of experts dissect these issues and peer into the future of consumer payments. The landscape of the consumer payments industry will be shaped at least in part by public policies. Historically, governments have had monopolies on the manufacture of money. Any form of payment clearly requires trust on the part of both the seller and the buyer, and the government must establish and enforce laws to secure this relationship. More controversial is the issue of whether, and to what extent, government is also needed to protect the market in private sector payments systems. Why do these issues matter? The payments industry is a large and important sector of developed economies. In the United States, private-sector payments providers generate approximately $280 billion a year in revenue, while the government invests substantial resources into making money (minting coins and printing bills) or moving it (via checks and various electronic transfers). And the way we pay for things influences our purchases—what we spend money on, how much we spend, and where we spend it. Thus the future of consumer payments is intertwined with the health of national economies. Contri
Author | : Crystal Ossoliński |
Publisher | : |
Total Pages | : 51 |
Release | : 2014 |
Genre | : |
ISBN | : |
Download The Changing Way We Pay Book in PDF, ePub and Kindle
Author | : László Kajdi |
Publisher | : |
Total Pages | : 0 |
Release | : 2022 |
Genre | : |
ISBN | : 9789289953160 |
Download Consumer Payment Preferences in the Euro Area Book in PDF, ePub and Kindle
Payments are a key focus of central banks, as - together with the safe, efficient operation of the payments market - wide access to cash is fundamentally important for a healthy economy. In this study, three main research areas were investigated: 1. socioeconomic characteristics that can be associated with financial inclusion; 2. factors behind consumers' payment choices; 3. underlying factors for holding cash in a wallet (i.e. for transactional purposes). Regression results for the first research question confirmed the findings of international literature, i.e. mainly older age, lower income and lower educational level is associated with the lack of access to electronic payment options. The study pursues various approaches to investigate consumer payments choices, and the results from most models showed that those with higher level of income and education, or lower level of cash income are more likely to prefer and actually use electronic payment methods. Finally, concerning the holding of cash the initial expectations were confirmed i.e. those who do not use cash for daily transactions tend to keep less cash in their wallet, while those who indicated preference for cash payments or higher importance of cash payment option are more likely to keep higher cash amounts.
Author | : Darryl E. Getter |
Publisher | : |
Total Pages | : 14 |
Release | : 2014 |
Genre | : Banks and banking |
ISBN | : |
Download Recent Trends in Consumer Retail Payment Services Delivered by Depository Institutions Book in PDF, ePub and Kindle
Author | : Vincent John Fazio |
Publisher | : |
Total Pages | : 444 |
Release | : 1972 |
Genre | : Electronic funds transfers |
ISBN | : |
Download Consumer Payment Practices and Preferences in the Boston Metropolitan Area Book in PDF, ePub and Kindle
Author | : Martin Neil Baily |
Publisher | : |
Total Pages | : 0 |
Release | : 2009 |
Genre | : Digital currency |
ISBN | : 9780815702771 |
Download Moving Money Book in PDF, ePub and Kindle
"Examines trend toward digital means of consumer payments, asking several questions: How will digital money evolve? What impacts will technologies such as wireless devices have on payment for goods and services? What other technologies await consumers? And what will the consumer payments industry look like in the future?"--Provided by publisher.
Author | : Chitransh Waghmare |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Shift of Consumer Preferences Towards M-Wallet Options and Its Prospects in India Book in PDF, ePub and Kindle
With the rapid changes in the payment industry of India and around the world, and with the advent of newer payment gateways, the complexity of payment choice has grown to a great extent. This multiplicity of channels have significantly influenced the consumers in general, and its phenomenally growing acceptance tells us so much about the dynamics of consumer behavior. Also, with the widening scope of these payment methods, it's important to glance through their stages of development and infer their potentials. In this paper, we present an analysis of increasing consumer preference towards adopting M-wallet options in India, and the rationale behind its popularity. The paper gives a hawk eye view of emerging trends of M-Wallet over conventional payment gateways, in the new age payment industry. Alongside interpretation of statistical evidences from the recent past, we also examine the human factors responsible behind the choice of this payment method.
Author | : Chuan He |
Publisher | : |
Total Pages | : 108 |
Release | : 2006 |
Genre | : Credit cards |
ISBN | : |
Download Consumer Payment Choice Book in PDF, ePub and Kindle