Search Results
Report
The 2014 Survey of Consumer Payment Choice: Technical Appendix
This document serves as the technical appendix to the 2014 Survey of Consumer Payment Choice administered by the RAND Corporation. The Survey of Consumer Payment Choice (SCPC) is an annual study designed primarily to collect data on attitudes to and use of various payment instruments by consumers over the age of 18 in the United States. The main report, which introduces the survey and discusses the principal economic results, can be found at http://www.bostonfed.org/economic/cprc/SCPC. In this data report, we detail the technical aspects of the survey design, implementation, and analysis.
Report
Use of Checks in Selected Countries
This report presents a snapshot of check use as a means of payment in 20 countries from 2012 to 2021. Using charts and tables, we analyze the share of checks as a fraction of cashless payments, both in terms of volume and value and the average value of a check in US dollars based on purchase power parity (PPP) exchange rates. Then we examine and compare the rates of decline in the use of checks during the period 2012 to 2021 and the correlations between the use of checks and other cashless payments, both in terms of volume and value.
Working Paper
How Currency Denomination and the ATM Affect the Way We Pay
I show how currency denomination and the ATM influence consumers' choice of whether to pay cash for in-person purchases. I identify transaction values above which consumers switch from paying cash to paying with cards. The sharpest changes in the share of cash payments occur at $20 and $40, which coincide with the observation that most ATMs in the United States dispense multiples of $20 bills. Other thresholds prevail at multiples of $5 and $10. The above thresholds generate asymmetries in consumer behavior where the share of cash payments increases for payments values just below the ...
Report
How Merchants Get Paid
Using a representative sample of actual payments made by adult U.S. consumers, this article analyzes the composition of payment methods consumers use to pay for goods and services. Consumer spending is divided into 21 main merchant categories. Results show the distributions of electronic, card, and paper payment methods and the degree of payment concentration for each merchant category.