What Two Billion Retail Transactions Reveal about Consumers’ Choice of Payments

David A. Price, Zhu Wang and Alexander Wolman

Richmond Fed Economic Brief, 2017, issue April

Abstract: Although cash continues to be a major form of payment in retail transactions, data on the use of cash are challenging to obtain. Research at the Richmond Fed has exploited a large dataset of cash, check, credit card, and debit card transactions at a nationwide retail chain to examine consumer payment choice based on transaction size and location, day-of-week and day-of-month cycles, and longer-term trends.

Keywords: cash; payments; transactions (search for similar items in EconPapers)
Date: 2017
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