Consumer Payment Choice: Measurement Topics
نویسنده
چکیده
What are the determinants of consumer choice over payment mechanisms? The answer to this question is important for a variety of reasons. Every government has the responsibility of supporting an efficient and effective payment system. Doing so is an explicit mandate of the Federal Reserve Bank in the United States. In addition, nothing is more central to private sector commerce than collecting payment. D’Silva (2009) claims the U.S. payment system collects $280 billion, about 2 percent of U.S. GDP. Thus, it is crucially important to know how consumers choose to pay.
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