We designed and fielded an experimental module in the American Life Panel (ALP) where we ask individuals to report the number of their purchases and the amount paid by debit cards, cash, credit cards, and personal checks. The design of the experiment features several stages of randomization. First, three different groups of sample participants are randomly assigned to an entry month (July, Augu...

Currently, life cannot be imagined without the use of bank cards for purchases or money transfers; however, their provides new opportunities launderers and terrorist organizations. This paper proposes a blockchain-enabled transaction scanning (BTS) method detection anomalous actions. The BTS specifies rules outlier rapid movements funds, which restrict actions in transactions. specified determi...

Abstract: Consumer technology adoption has long been a research topic in Marketing and Economics. One interesting stylized fact is that usage of new technologies by the elderly is consistently much lower than that by other age groups. Previous literature tries to rationalize this fact by arguing that the elderly have negative attitudes toward new technologies, or it is relatively more difficult...

Innovations in electronic banking in Iran have led to the development in capacities such as payment instruments and transactions by cards, which are known as electronic payment equipment in the Iranian banking network. Financial supervision is required to be increasingly based on reporting and regulatory processes to efficiently and proactively monitor risk and compliance at banks and financial...

We develop a structural consumer lifecycle model to investigate consumers’ adoption and usage decisions of ATM cards in Italy. By estimating a model of consumers’ optimal usage decisions and embedding it into a forward-looking consumer adoption decision model, we can “impute” per period monetary benefits of adopting the financial innovation. This in turn allows us to recover the monetary value ...

Acknoweldgements: We thank Bob Chakravorti and our discussant Bijorn Imbierowicz and other participants in the 2008 Australasian Finance and Banking Conference for the comments on an earlier version of the paper entitled " ATM vs. POS terminals: a horse race? ". * The views in this paper are those of the authors and may not represent the views of the Federal Reserve Bank of Chicago or the Feder...