Payment Instrument Choice: The Case of Prepaid Cards
15 Pages Posted: 5 Jun 2006
Abstract
The costs and benefits to payment system participants can differ depending on which payment mechanism is used. The authors specifically explore the costs and benefits of prepaid card applications versus other payment instruments, such as cash, checks, and debit cards, for certain payment segments, including gift, payroll, and employer-initiated and government benefit programs.
Keywords: prepaid cards, payment systems, incentives, Central Banks and Their Policies, Transactional Relationships, Contracts and Reputation, Networks, Firm Behavior,
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