scholarly journals Technology Adoption and Consumer Payments: Evidence from Survey Data

2003 ◽  
Vol 2 (2) ◽  
Author(s):  
Fumiko Hayashi ◽  
Elizabeth Klee
Keyword(s):  
Technology Adoption ◽  
Survey Data ◽  
New Technologies ◽  
New Technology ◽  
The Internet ◽  
Electronic Payment ◽  
Point Of Sale ◽  
Goods And Services ◽  
Transaction Value ◽  
Debit Cards

Consumers pay for hundreds of goods and services each year, but across households and across goods, consumers do not choose to pay the same way. This paper posits that payment choices depend in part on consumers' propensity to adopt new technologies and in part on the nature of the transaction. To test this hypothesis, this paper analyzes consumer's payment instrument use at the point of sale and for bill payment. The sample includes consumers surveyed in 2001, who are primarily users of the Internet. The results indicate that consumers who use new technology or computers are more likely to use electronic forms of payment, such as debit cards and electronic bill payments. Particularly, the use of direct deposit is a significant predictor of electronic payment use. Furthermore, the results indicate that payment choice depends on the characteristics of the transaction, such as the transaction value, the physical characteristics of the point of sale, and a bill's frequency and value variability.

Non-Monotonic Modeling for Personalized Services Retrieval and Selection

2010 ◽  
Vol 1 (2) ◽  
pp. 55-68 ◽  
Author(s):  
Raymond Y. K. Lau ◽  
Wenping Zhang
Keyword(s):  
Web Services ◽  
Semantic Web ◽  
Semantic Web Services ◽  
The Internet ◽  
Electronic Payment ◽  
Uncertainty Reasoning ◽  
Service Information ◽  
Personalized Services ◽  
Core Elements ◽  
Processing Cycle

With growing interest in Semantic Web services and emerging standards, such as OWL, WSMO, and SWSL in particular, the importance of applying logic-based models to develop core elements of the intelligent Semantic Web has been more closely examined. However, little research has been conducted in Semantic Web services on issues of non-mono-tonicity and uncertainty of Web services retrieval and selection. In this paper, the authors propose a non-monotonic modeling and uncertainty reasoning framework to address problems related to adaptive and personalized services retrieval and selection in the context of micro-payment processing of electronic commerce. As intelligent payment service agents are faced with uncertain and incomplete service information available on the Internet, non-monotonic modeling and reasoning provides a robust and powerful framework to enable agents to make service-related decisions quickly and effectively with reference to an electronic payment processing cycle.

Strategic Management of New Products: Ex-Ante Simulation and Market Segmentation

2013 ◽  
Vol 55 (2) ◽  
pp. 289-314 ◽  
Author(s):  
Jae Young Choi ◽  
Jungwoo Shin ◽  
Jongsu Lee
Keyword(s):  
Choice Model ◽  
Stated Preference ◽  
New Products ◽  
Demand Forecasting ◽  
Consumer Preference ◽  
Gaussian Mixture ◽  
Electronic Payment ◽  
Preference Data ◽  
Payment Instruments ◽  
Stated Preference Data

Among various methodologies for demand forecasting of new products, the random-coefficient discrete-choice model using stated preference data is considered to be effective because it reflects heterogeneity in consumer preference and enables the design of experiments in the absence of revealedpreference data. Based on estimates drawn from consumer preference data by structural hierarchical Bayesian logit models, this study develops the overall, strategic, demand-side management for new products by combining market share simulation and a rigorous clustering methodology, the Gaussian mixture model. It then applies the process to the empirical case of electronic payment instruments.

scholarly journals Regulatory Issues of Digital Currencies

2020 ◽  
pp. 10-17
Author(s):  
Chen Zhu ◽  
Zixuan Fu
Keyword(s):  
Legal Status ◽  
Rapid Development ◽  
The Internet ◽  
Electronic Payment ◽  
Regulatory Issues ◽  
Digital Currency ◽  
The World ◽  
Block Chain ◽  
Regulatory Measure

With the rapid development of the Internet and electronic payment, digital currencies with blockchain as the underlying technology have gradually entered people's horizons and have also received the attention of governments around the world. Due to the convenience and decentralization of digital currency transactions that are not limited by time and region, it has a significant impact on traditional commercial systems around the world, and its core block chain technology may trigger changes in many areas. At present, different countries have different views on the legal status of bitcoin digital currencies, but digital currencies circulate across borders and regions. Once problems arise, it is difficult to have a unified regulatory measure to deal with them.

scholarly journals Analyzing cashless behavior among generation Z in Indonesia

2021 ◽  
Vol 5 (4) ◽  
pp. 601-612 ◽  
Author(s):  
Raden Aswin Rahadi ◽  
Nindya Resti Ramadhani Putri ◽  
Subiakto Soekarno ◽  
Sylviana Maya Damayanti ◽  
Isrochmani Murtaqi ◽  
...  
Keyword(s):  
Social Influence ◽  
Electronic Payment ◽  
Performance Expectancy ◽  
Generation Z ◽  
Payment Instruments ◽  
National Economic ◽  
External Variables ◽  
Perceived Security ◽  
Questionnaire Result ◽  
The Relationship

Secure, convenient, and affordable payment instruments are one factor that drives up the development of the national economy. Having a good and stable national economic condition is the intention of every country. The usage of electronic payment instruments is proven to boost economic growth and advance financial inclusion. However, the usage of e-payment among generation Z in Indonesia is still relatively low. Of these, this study is written to analyze the factors influencing electronic payment used to be taken as a concern on evaluating the current level of the cashless society. The model to assess the influencing factors is adopted from UTAUT variables: performance expectancy, effort expectancy, and social influence, combined with two external variables: culture and perceived security. The questionnaire is distributed to 458 respondents, covering generation Z in Bandung City. A quantitative approach was used to assess the questionnaire result, examining the relationship between each factor and electronic payment usage. The results indicate three factors that significantly influence electronic payment usage among generation Z in Bandung City: performance expectancy, social influence, and culture.

scholarly journals Empirical Study on the Influencing Factors of WeChat Business Integrity

2022 ◽  
Vol 30 (3) ◽  
pp. 1-18
Author(s):  
Yangling Xiao ◽  
Bingjun Tong ◽  
Yanmei Sheng ◽  
Mingxin Cui
Keyword(s):  
Influencing Factors ◽  
Structural Equation ◽  
Word Of Mouth ◽  
Reliability And Validity ◽  
Equation Model ◽  
Smart Phones ◽  
The Internet ◽  
Electronic Payment ◽  
Practical Analysis ◽  
Positive Effect

With the increasing popularity of the smart phones and electronic payment, WeChat shopping has become a trendy lifestyle for many people. However, the issue of WeChat business integrity has gradually appeared due to the virtuality of the Internet. This paper analyzed the development of WeChat business and its business integrity. The influencing factors of WeChat business integrity and related hypotheses had been studied based on theoretical and practical analysis. The reliability and validity of the data collected through questionnaires were tested with SPSS24.0. Empirical analysis was done to the hypotheses by using the structural equation model. The results indicated that products and service quality, after-sale guarantee, payment security and Word-of-mouth had a prominent positive effect on the integrity of WeChat business.

scholarly journals Indonesian Household Payment Choice: A Nested Logit Analysis

2020 ◽  
Vol 9 (s1) ◽  
pp. 291-313
Author(s):  
Nur Annisa Hasniawati ◽  
Eva R. Lase ◽  
Akhis R. Hutabarat
Keyword(s):  
Credit Cards ◽  
Nested Logit ◽  
Logit Analysis ◽  
Mobile Banking ◽  
Electronic Payment ◽  
Electronic Money ◽  
Substitution Pattern ◽  
Household Data ◽  
Payment Instruments ◽  
Cash Payment

AbstractWe examine the preferences of respondents for six types of payment instruments, namely cash, debit and credit cards, card and server-based electronic money, and internet or mobile banking. By applying a nested logit model to 500 household data covering six provincial capitals in Indonesia, we find that the decision to choose payment instruments is made sequentially. Socio-economic characteristics, including education, age, income, and transaction objectives or functionality have a significant effect on the probability of using non-cash electronic payment instruments. We find a substitution pattern between payment instruments, not only between cash and non-cash instruments but also between non-cash instruments. In light of these findings, appropriate payment system policies are in order to hasten the use of non-cash payment.

scholarly journals CONSUMER PROTECTION MEASURES FOR ERRONEOUS OR UNAUTHORIZED INTERNET PAYMENTS: SOME LESSONS FROM THE EUROPEAN UNION?

Obiter ◽  
2021 ◽  
Vol 31 (2) ◽  
Author(s):  
Vivienne A Lawack-Davids ◽  
Frans E Marx
Keyword(s):  
South Africa ◽  
European Union ◽  
Consumer Protection ◽  
Credit Card ◽  
Third Parties ◽  
The Internet ◽  
The European Union ◽  
Protection Measures ◽  
Payment Instruments

The increase in cyber malls or internet shops presents consumers with a magnitude of goods, including digitized goods and information to choose from. In purchasing these commodities, the internet, in particular, offers the consumer various payment possibilities, such as credit card and online fund transfers to third parties. However, these payment instruments are not flawless. Errors may occur whilst the consumer is making such payment, the system may malfunction or unauthorized payments may be made.The aim of this analysis is to ascertain whether the existing law has measures that would be wide enough to protect a consumer in these instances. The position in South Africa is evaluated against this background and compared with the position in the European Union. 

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