Debit, credit, or cash: survey evidence on gasoline purchases

Carow, Kenneth A.; Staten, Michael E.

doi:10.1016/s0148-6195(99)00016-8

Cited by 83 publications

(64 citation statements)

References 8 publications

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“…Indeed, previous literature indicates that older people hold and use more cash while young consumers are more likely to use new payment technologies (e.g., Daniels and Murphy, 1994;Boeschoten, 1998;Carow and Staten, 1999;Stavins, 2001;Hayashi and Klee, 2003).…”

Section: Age Income and Educationmentioning

confidence: 99%

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

et al. 2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. iii Terms of use: Documents in AbstractWe measure consumers' use of cash by harmonizing payment diary surveys from seven countries. The seven diary surveys were conducted in 2009 (Canada), 2010 (Australia), 2011 (Austria, France, Germany and the Netherlands), and 2012 (the United States). Our paper finds cross-country differences -for example, the level of cash usage differs across countries. Cash has not disappeared as a payment instrument, especially for low-value transactions. We also find that the use of cash is strongly correlated with transaction size, demographics, and point-of-sale characteristics such as merchant card acceptance and venue.

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Section: Age Income and Educationmentioning

confidence: 99%

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

et al. 2014

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“…Although we are not the first to include payment characteristics, our data and modeling efforts are relatively extensive. Carow and Staten (1999) limited their sample to consumers with payment cards, Klee (2006b) lacked data on individual consumer demographics, and Borzekowski, Kiser and Ahmed (2007) included only a very limited set of payment characteristics in studying one payment method (debit cards). Jonker (2005) took a substantively different approach, modeling consumer payment choice using consumer attitudes and perceptions about payments, which are less objective and measurable than payment characteristics and pose even more serious econometric problems.…”

Section: Introductionmentioning

confidence: 99%

Why are (some) consumers (finally) writing fewer checks? The role of payment characteristics

Schuh

Stavins

2010

Journal of Banking & Finance

137

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Abstract:Since the mid-1990s, the U.S. payment system has been undergoing a paper-toelectronics transformation featuring a significant decline in the number of paper checks written for payment. The timing and magnitude of the transformation have been surprising, and the future direction of payments is quite uncertain, largely because of a lack of data and research that explain why agents choose payment instruments. Using data from new surveys on consumer payment behavior, this paper shows that the large and relatively sudden decline in aggregate check use is not spread evenly among consumers despite the widespread availability of cheaper, more convenient, and better-timed electronic alternatives. Fundamental characteristics of payment instruments -cost, convenience, payment timing, and the like -are much more important determinants of payment choice than demographics or determinants of money demand, and these characteristics raise the cross-section explanatory power of econometric models of payment demand by three-fold or more.

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“…As for the demographic variables, it is education that appears to exert the strongest influence across the two technologies. In this, our study suggests that the importance of formal schooling, as described by Carow and Staten (1999) for debit and credit cards is carried across to contactless payments. This is perhaps largely to be expected, as exploratory studies [such as Parasuraman's (2000) influential paper on the technology readiness index] suggest that one of the key drivers towards the acceptance of new technology is the level of discomfort that users initially experience.…”

Section: Resultsmentioning

confidence: 65%

“…Also, research suggests that more educated workers are more likely to come into contact with a variety of new technologies through their employment (see, for example, Bartel and Lichtenberg, 1987). Carow and Staten (1999), Borzekowski and Kiser (2008, p.895, p.899) and Hoffmann et al (2009) argue that the age of respondents negatively impacts upon the propensity to use plastic. Our results concur, with the additional finding that this is more strongly emphasised where the technology is already in widespread use.…”

Section: Resultsmentioning

confidence: 99%

“…Senior Takes the value of one for respondents above 65 years of age and zero otherwise. Carow and Staten (1999), Schuh and Stavins (2010) and Kim et al (2010) We test these constructs for reliability using Cronbach's alpha (see Cronbach, 1951) and confirmatory factor analysis 4 . Panel A of Table 3 shows that the estimated values of the Cronbach's alpha coefficients substantially exceed the lower threshold of 0.6 showing that the internal consistency of the constructs can be deemed acceptable (Churchill, 1979;Hair et al, 1998).…”

Section: Perceived_usefulnessmentioning

confidence: 99%

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Modelling customers' intentions to use contactless cards

Polasik

Wisniewski

Lightfoot

2012

IJBAAF

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Abstract:Since their introduction in the USA in 2002, contactless card payment systems have been widely regarded as the pinnacle of current retail banking technology. However, the potential demand and usage of this innovation has hitherto received little attention from the academic community. Ours is one of the first papers that explore the factors that are likely to govern acceptance and intentions to take-up the technology. The analysis utilises the methodological framework of the technology acceptance model (Davis, 1989;Davis et al., 1989) and develops a range of empirical representations. Our results lend support to the TAM conceptualisation and also indicate that some demographic characteristics imprint upon the intentions of potential users.

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Debit, credit, or cash: survey evidence on gasoline purchases

Cited by 83 publications

References 8 publications

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

Consumer Cash Usage: A Cross-Country Comparison with Payment Diary Survey Data

Why are (some) consumers (finally) writing fewer checks? The role of payment characteristics

Modelling customers' intentions to use contactless cards

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