Consumer Behavior and Payment Choice: 2006 Conference Summary

61 Pages Posted: 23 Jul 2007

See all articles by Margaret Carten

Margaret Carten

Federal Reserve Banks - Federal Reserve Bank of Boston

Daniel Littman

Federal Reserve Bank of Cleveland

Scott D. Schuh

Federal Reserve Bank of Boston - Research Department

Joanna Stavins

Federal Reserve Bank of Boston

Date Written: July 16, 2007

Abstract

This paper summarizes the proceedings of the second Consumer Behavior and Payment Choice conference, held at the Federal Reserve Bank of Boston on July 25-27, 2006. These conferences are unique in featuring the collaboration of two groups of payments experts - the private-sector payments industry on the one hand, and the academic, research, and policymaking communities on the other - to stimulate more research and understanding of consumer payment behavior. The central focus of this second conference was learning more about the numerous consumer payments data sources that are available - but which are not well known or easily accessed, often for proprietary reasons - and discovering what further information is needed. Panel sessions on payment card loyalty programs and the transition from cash to electronic payments were informative and stimulated much debate. Research paper presentations provided additional support for the collection and analysis of innovative new data sources to enhance our understanding of the decisions consumers make when choosing payment methods.

JEL Classification: D11, D12, E21, E41, G28, G11

Suggested Citation

Carten, Margaret and Littman, Daniel and Schuh, Scott and Stavins, Joanna, Consumer Behavior and Payment Choice: 2006 Conference Summary (July 16, 2007). FRB of Boston Public Policy Discussion Paper No. 07-4. Available at SSRN: https://ssrn.com/abstract=1002393 or http://dx.doi.org/10.2139/ssrn.1002393

Margaret Carten

Federal Reserve Banks - Federal Reserve Bank of Boston ( email )

600 Atlantic Avenue
Boston, MA 02210
United States

Daniel Littman

Federal Reserve Bank of Cleveland

East 6th & Superior
Cleveland, OH 44101-1387
United States

Scott Schuh (Contact Author)

Federal Reserve Bank of Boston - Research Department ( email )

600 Atlantic Ave.
Boston, MA 02210
United States
617-973-3941 (Phone)
617-619-7541 (Fax)

Joanna Stavins

Federal Reserve Bank of Boston ( email )

600 Atlantic Avenue
Boston, MA 02210
United States
617-973-4217 (Phone)
617-973-4218 (Fax)

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