How and Why Do Consumers Choose Their Payment Methods?
Stacey L. Schreft
affiliation not provided to SSRN
FRB of Kansas City Working Paper No. 06-04
This essay 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.
Number of Pages in PDF File: 21
Keywords: Payments, Means of Payment, Consumer Choice Behavior
JEL Classification: D11, D12, D14, E41working papers series
Date posted: May 17, 2006
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