Consumer Payments Research Center

Contributing to informed public policy for payment systems

The Consumer Payments Research Center conducts survey, econometric, and theoretical research to contribute to public policy that maximizes the welfare of all members of the economy.

2011-2012 Survey of Consumer Payment ChoiceHow Do Speed and Security Influence Consumers’ Payment Behavior?
Econometric models were used to simulate the effect of various changes to payment instrument speed and security..
image of a spedometerCosts and Benefits of Building Faster Payment Systems
The U.K. Experience and Implications for the United States.
image of paper billsU.S. Consumers' Holdings and Use of $100 Bills
On a typical day in the U.S., 5.2 percent of adults have a $100 bill in their pocket, purse, or wallet.
research definition Economic Research
Bibliography of papers using Boston Fed consumer payments data.


3 questions about consumer payments

March 2015. The Survey of Consumer Payment Choice asks questions in three broad categories:

  • Adoption. Whether or not a consumer owns or has set up access to a particular payment instrument.
  • Use. Whether or not a consumer has used any of nine payment instruments and, if so, how frequently.
  • Assessment. What consumers think about the characteristics of the nine payment instruments, rated on a scale of 1 to 5. Characteristics include security, convenience, and cost.

Results of the 2013 Survey of Consumer Payment Choice will be released soon. Sign up here to be notified of data releases.

Free online data for economic education and research: FedSurveys

December 2014. These Federal Reserve Surveys will be exhibiting at the American Economic Association/Allied Social Sciences Associations meeting in Boston, January 3-5, 2015, Booth #422. Learn about opportunities for research collaborations and uses in the classroom.

  • Survey of Consumer Finances
  • Survey of Consumer Payment Choice
  • Diary of Consumer Payment Choice
  • Survey of Consumer Expectations
  • Survey of Household Economics and Decisionmaking
  • Consumers and Mobile Financial Services
  • Federal Reserve Payments Study

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