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Payment Card Adoption and Payment Choice

Author

Listed:
  • Claire Greene
  • Oz Shy

Abstract

Using data from the 2021 Diary of Consumer Payment Choice, this article investigates two questions: how do consumers without credit or debit cards make payments, and do consumers without these payment cards differ from other consumers?

Suggested Citation

  • Claire Greene & Oz Shy, 2022. "Payment Card Adoption and Payment Choice," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2022(10), July.
    • Handle: RePEc:fip:a00068:96687
    DOI: 10.29338/ph2022-10
    as

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    References listed on IDEAS

    as
    1. Goodstein, Ryan M. & Rhine, Sherrie L.W., 2017. "The effects of bank and nonbank provider locations on household use of financial transaction services," Journal of Banking & Finance, Elsevier, vol. 78(C), pages 91-107.
    2. Greene, Claire & Cole, Allison, 2017. "Financial Inclusion and Consumer Payment Choice," Journal of Financial Transformation, Capco Institute, vol. 46, pages 219-235.
    3. Greene, Claire & Stavins, Joanna, 2021. "Income and banking access in the USA: The effect on bill payment choice," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 15(3), pages 244-249, September.
    4. Shy, Oz, 2020. "Low-income consumers and payment choice," Research in Economics, Elsevier, vol. 74(4), pages 292-300.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    payment choice; payment card adoption; payments inclusion; unbanked;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities, Races, Indigenous Peoples, and Immigrants; Non-labor Discrimination

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