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Consumers’ use of prepaid cards: a transaction-based analysis


  • Stephanie M. Wilshusen
  • Robert M. Hunt
  • James van Opstal
  • Rachel Schneider


The Payment Cards Center of the Federal Reserve Bank of Philadelphia and the Center for Financial Services Innovation conducted this research project using transaction-level data provided by Meta Payment Systems in an effort to develop a better understanding of how consumers use prepaid cards by examining their transaction behavior and the issuer revenue and cardholder costs generated by those transactions.

Suggested Citation

  • Stephanie M. Wilshusen & Robert M. Hunt & James van Opstal & Rachel Schneider, 2012. "Consumers’ use of prepaid cards: a transaction-based analysis," Payment Cards Center Discussion Paper 12-02, Federal Reserve Bank of Philadelphia.
  • Handle: RePEc:fip:fedpdp:12-02

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    Cited by:

    1. Ingmar Geiger & Manuel Kluckert & Michael Kleinaltenkamp, 2017. "Customer acceptance of tradable service contracts," Journal of Business Economics, Springer, vol. 87(2), pages 155-183, February.
    2. Hayashi, Fumiko & Cuddy, Emily, 2014. "Recurrent overdrafts: a deliberate decision by some prepaid cardholders?," Research Working Paper RWP 14-8, Federal Reserve Bank of Kansas City.
    3. Heng Chen & Marie-Hélène Felt & Kim Huynh, 2014. "Retail Payment Innovations and Cash Usage: Accounting for Attrition Using Refreshment Samples," Staff Working Papers 14-27, Bank of Canada.
    4. W. Scott Frame & Lawrence J. White, 2009. "Technological Change, Financial Innovation, and Diffusion in Banking," Working Papers 09-03, New York University, Leonard N. Stern School of Business, Department of Economics.
    5. Hayashi, Fumiko & Hanson, Josh & Maniff, Jesse Leigh, 2015. "Driver of choice? the cost of financial products for unbanked consumers," Research Working Paper RWP 15-15, Federal Reserve Bank of Kansas City.
    6. Hayashi, Fumiko & Cuddy, Emily, 2014. "General purpose reloadable prepaid cards : penetration, use, fees and fraud risks," Research Working Paper RWP 14-1, Federal Reserve Bank of Kansas City.

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