The Consumer Payment Research Center (CPRC) seeks to contribute to the development of sound and effective public policy in the area of payment systems that helps maximize the overall welfare of all members of the economy.
Latest News
Montgomery Testifies Before Senate Committee
First Vice President and Chief Operating Officer Ken Montgomery testified before the Senate Banking Committee on the regulatory framework surrounding mobile payments. In his testimony, he cited joint work between Reserve Banks of Boston and Atlanta, which included Marianne Crowe, Vice President, Payment Strategies Group and CPRC Payments Liaison.
Read the testimony
Read the paper
Latest Research
How Consumers Pay: Adoption and Use of Payments
by Scott Schuh and Joanna Stavins
Using data from a nationally representative survey on consumer payment behavior, we estimate Heckman two-stage regressions on the adoption and use of seven different payment instruments. We find that the characteristics of payments are important in determining consumer payment behavior.
Working Paper 12-2
Effects of Credit Scores on Consumer Payment Choice
by Fumiko Hayashi and Joanna Stavins
This paper investigates the effects of credit scores on consumer payment behavior, especially on debit and credit card use. The results based on a single-year survey as well as on panel data suggest that there is a significant negative
relationship between debit card use and credit score even after controlling for various characteristics.
Public Policy Discussion Paper No. 12-1
Survey of Consumer Payment Choice (SCPC) Updates
2009: The 2009 SCPC data files have been released. Click here to learn more and download the data. The full results of the 2009 SCPC are also available, which have been released as Public Policy Discussion Paper No. 11-1. The results are shown in 32 tables that compare and contrast consumers’ adoption and use of nine instruments encompassing paper, card, and online payment methods.
2011: The 2011 SCPC is currently being administered to respondents across the country. This year a pilot of a consumer payment diary designed by the CPRC was conducted. Details will be released soon. Sign up for the CPRC newsletter to receive the latest updates.
Latest Presentations
Evolving Consumer Financial Services Marketplace: Payments and Banking 
Presentation by Scott Schuh, Director and Economist, Consumer Payments Research Center, Federal Reserve Bank of Boston, at the annual conference of the Consumer Federation of America, Washington DC, December 1, 2011
