Journal Article

Shopping without cash: the emergence of the e-purse

Abstract: This article finds that successful e-purse programs tend to have a captive audience that drives critical mass, such as those found in the transportation industry or government sector; an affordable cost structure relative to other payment instruments; compelling incentives for consumers and merchants; and technology that is well tested and addresses standards issues before rollout.

Keywords: Smart cards; Cash flow;

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Economic Perspectives

Publication Date: 2005

Volume: 29

Issue: Q IV

Pages: 34-51