The Experts below are selected from a list of 51 Experts worldwide ranked by ideXlab platform

Mike Zabek - One of the best experts on this subject based on the ideXlab platform.

  • The 2008 Survey of Consumer Payment Choice
    2015
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    instruments available, including cash, and used 3.8 of them during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy

  • the 2009 survey of consumer payment choice
    Research Papers in Economics, 2011
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.

  • The 2009 survey of consumer payment choice
    2026
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.Payment systems ; Consumer surveys ; Credit cards ; Cash transactions

Kevin Foster - One of the best experts on this subject based on the ideXlab platform.

  • The 2008 Survey of Consumer Payment Choice
    2015
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    instruments available, including cash, and used 3.8 of them during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy

  • the 2009 survey of consumer payment choice
    Research Papers in Economics, 2011
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.

  • The 2009 survey of consumer payment choice
    2026
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.Payment systems ; Consumer surveys ; Credit cards ; Cash transactions

Scott Schuh - One of the best experts on this subject based on the ideXlab platform.

  • The 2008 Survey of Consumer Payment Choice
    2015
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    instruments available, including cash, and used 3.8 of them during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy

  • the 2009 survey of consumer payment choice
    Research Papers in Economics, 2011
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.

  • The 2009 survey of consumer payment choice
    2026
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.Payment systems ; Consumer surveys ; Credit cards ; Cash transactions

Erik Meijer - One of the best experts on this subject based on the ideXlab platform.

  • The 2008 Survey of Consumer Payment Choice
    2015
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    instruments available, including cash, and used 3.8 of them during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy

  • the 2009 survey of consumer payment choice
    Research Papers in Economics, 2011
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.

  • The 2009 survey of consumer payment choice
    2026
    Co-Authors: Kevin Foster, Scott Schuh, Erik Meijer, Mike Zabek
    Abstract:

    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 during a typical month. Between the 2008 and 2009 surveys, a period that includes the trough of the latest recession, consumers significantly increased their use of cash and close substitutes for cash, such as money orders and prepaid cards. At the same time, consumers reduced their use of credit cards and (to a lesser extent) debit cards, as well as Payments made using a bank account number. Weaker economic conditions, new government regulations, and bank pricing of payment card services all likely contributed to the shift back toward cash. However, it is difficult to determine how much each of these factors contributed, and whether the shift is transitory or permanent, without more data and research on consumer payment choice. In 2009, one in three consumers had a prepaid card and nearly as many had a nonbank payment account online, while 3 percent made a mobile payment. By focusing on Payments by consumers only, the SCPC complements the recent 2010 Federal Reserve Payment Study, which describes the entire Noncash Payments economy.Payment systems ; Consumer surveys ; Credit cards ; Cash transactions

Snellman Jussi - One of the best experts on this subject based on the ideXlab platform.

  • Forecasting the Electronification of Payments with Learning Curves: The Case of Finland
    2026
    Co-Authors: Snellman Jussi, Vesala Jukka
    Abstract:

    This paper examines the electronification of Noncash Payments in Finland and the extent to which Noncash payment means are used as substitutes for cash. We model the processes of cash substitution and electronification of Payments as 'S'-shaped learning curves and generate forecasts by extrapolating these curves. The 'S'-shaped learning curves fit the data well. Our results indicate that in Finland the cash substitution process as a whole is approaching the saturation point. Although the electronification process is clearly ongoing as regards larger-value bill Payments, for small-value point-of-sale Payments we seem to have reached saturation. Electronification of Payments, having progressed swiftly and extensively in Finland, is already beginning to slow down. We conclude the paper with a discussion of the reasons for this turn of events and of the different factors that affect the speed of diffusion of new means of payment.Payments; electronification; learning curves

  • Substitution of Noncash payment instruments for cash in Europe
    2026
    Co-Authors: Snellman Jussi, Vesala Jukka, Humphrey David
    Abstract:

    The substitution of Noncash (check, giro, and credit and debit card) Payments for cash transactions is difficult to gauge because there are no data series on the actual value or volume of cash transactions in any country. However, determining the degree of cash substitution is important because it will negatively affect government seigniorage revenue and, if cash use falls fast enough, may require tax revenues to redeem excess currency holdings. We utilise a novel method for approximating the volume of cash transactions using public information on currency stocks and Noncash Payments. Applying this method, we estimate how cash has been substituted by other payment instruments in 10 European countries. We also provide a forecast of future cash use by country. We find that the trend in cash substitution across countries is quite similar. However, the countries themselves are at significantly different stages of this substitution process. The spread of debit and credit card Payments has been the key factor behind the substitution away from cash as use of e-cash innovation is still in its infancy. Country-specific differences in the substitution process are largely explained by differences in the level of implementation of each country’s card payment technology.cash substitution; learning curves; seigniorage