With so many choices in life, it is only fitting that consumers must choose their method of payment. Your first reaction might assume that consumers choose credit at the checkout. Data from a TransUnion study reveals otherwise, and in fact, around 8 million consumers have...
Diamonds are forever, but not so credit cards. A sizable and growing minority of American consumers who once possessed a credit card no longer have one. Surveys completed over the past two years by the Federal Reserve Bank of Boston’s Consumer Payments Research Center indicate...
Noncash payments in the United States rose at a compounded annual rate of 4.6 percent since 2006, according to the Federal Reserve System. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
This paper presents the 2008 version of the Survey of Consumer Payment Choice (SCPC), a nationally representative survey developed by the Consumer Payments Research Center of the Federal Reserve Bank of Boston and implemented by the RAND Corporation with its American Life Panel. Get the...
Despite years of predictions suggesting that cash would one day disappear, recent data suggests cash is not only here to stay, but its usage may in fact be on the rise. Many pundits have long believed that dirty, “inefficient” paper money would soon be replaced...
Up, Up and Away – New Data on Increased SpendingA couple of new reports released on consumer credit invoke the old “glass half full or half empty” scenario. PYMNTS.com breaks down all the findings. Get the Full Story Complete the form to unlock this article...
When Republicans swept into power in the House of Representatives in last fall’s election, many wondered if the power change might impact the recently signed Dodd-Frank financial overhaul legislation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...