Mobile wallets and contactless payments are perhaps more accessible than ever before – with more merchants and companies pushing mobile payment acceptance and support as a priority. But the results from the 2015 U.S. Consumer Payment Choice Study, conducted by TSYS, shows that debit cards continue to dominate as the preferred payment choice among consumers.
While the past two years of the study have shown a steady decline in the percentage of consumers who opt for using their debit card above all else, the payment method is still a favorite among 41 percent of the study’s respondents. For everyday purchases, consumers look to their debit cards, but for online or discretionary purchases credit cards are preferred, while cash still holds strong on small-dollar payments.
To learn more about the TSYS’ 2015 U.S. Consumer Payment Choice Study and how consumers are choosing to pay, join MPD’s CEO Karen Webster, TSYS’ Senior Director of Consumer Payment Solutions Sarah Hartman and Product Development Manager Adam Smitherman for a digital discussion on Thursday, March 24, at 1:00 PM (EST).
Key discussion topics will include:
1. Consumers’ most preferred payment type.
2. What influences consumers when making choices on how to pay?
3. Digital Engagement — Consumers’ views on the use of mobile to manage finances and make payments.
4. Consumers’ preferences concerning marketing and communication with their financial institution.
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To attend this live digital discussion, please complete the registration form shown below.