Research Paper On Online Payment

Research Paper On Online Payment-46
From the San Francisco Fed: Anna Baram, Fernanda Nechio, and Louise Willard.

Additionally, the 2017 DCPC participants reported fewer payments than the 2016 participants (41 in 2017 compared from 46 in 2016).

This suggests the movement in shares is partially driven by a reduction in the number payments and not necessarily a substitution from one instrument to another.

In all previous years, participants have reported more cash payments than debit card payments within this price range.

However, between 20, cash’s share declined five percentage points while debit increased one percentage point (figure not shown).

Download PDF (pdf, 302 kb) The 2018 report on the Diary of Consumer Payment Choice (DCPC) was the fourth Diary study conducted by the Federal Reserve.

A demographically-representative sample of approximately 2,800 individuals participated in the Diary in October 2017.Instead, the reason for the change in shares is cash usage dropped more sharply in the – bucket than debit, while credit was unchanged, resulting in a loss of market share for cash.Cash use spans payment preferences As with previous years, the 2017 DCPC asked participants about their preferred payment methods for bill payments and non-bill payments, as well as their secondary preferences assuming their primary method was not available.From the Atlanta Fed: Kevin Foster, Claire Greene, and Marcin Hitczenko.From the Boston Fed: Jason Premo, Joanna Stavins, and Liang Zhang.Individuals between 18 and 25 made approximately 24 payments per month, with debit cards comprising 12 of those payments and cash making up 8 of the 24 total payments.While debit was the most used instrument for the younger cohort, the share of cash use was the same for individuals 18 to 24 and 45 and older at 34 percent.For purchases of 0 or more, consumers greatly increase their use of checks and electronic payments, which account for half of their payments at this price point.Figure 3 shows that for payments between and .99 debit cards were used slightly more frequently than cash.Individuals aged 25 to 44 used cash for approximately 10 transactions per month, which equated to about 25 percent of payments for this age group.Finally, the average daily value of cash held by consumers continued to increase in 2017 at per person compared to in 2016 and in 2015, although these findings were not statistically significant.


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