credit cards
Recently Published Documents


TOTAL DOCUMENTS

785
(FIVE YEARS 232)

H-INDEX

32
(FIVE YEARS 4)

2021 ◽  
Vol 13 (2) ◽  
pp. 147-160
Author(s):  
MUJTABA ZIA ◽  
◽  
JENNIFER LOGAN ◽  

This paper investigates the implication of bank revolving credit in the form of credit card loans as a channel of monetary policy targeting the federal funds rate since 1980. Credit cards have become increasingly popular and a necessity for many transactions and purchases in the United States. The revolving credit nature of credit card loans makes them an instant tool for consumer loans that can facilitate consumption. Using instrumental variable and two-stage least squares (2SLS) methodology, we analyze the implication of credit card loans to modern monetary policy that targets interest rates.


2021 ◽  
Author(s):  
Jie Zhou

Earlier research has documented that debt at older ages has increased significantly in Canada over the period from 1999 to 2016. In this article, we explore the consequences of a growing proportion of older Canadian households experiencing financial vulnerability. After controlling for household characteristics, we find among older households that a high debt-to-asset ratio and very low liquid wealth are significantly and positively associated with skipping or delaying a mortgage or non-mortgage debt payment and with usually paying the minimum amount or less on credit cards in the previous year. The debt-to-income ratio, however, is not an important indicator of financial vulnerability for older households.


2021 ◽  
Vol 13 (3(I)) ◽  
pp. 41-46
Author(s):  
Khushbu Agarwal ◽  
Nidhi Nalwaya

The ongoing pandemic has resulted in a disruption of the life of all citizens and impacted all the spheres, more so the financial system because the Pandemic and its aftermath has shut all economic activity except those which as per the government directives are considered the most essential. This has deeply impacted private consumption, external trade as well as investment in the economy. Accordingly, both in retail stores and e-commerce orders, a common strand is that many of the consumers are now paying bills via digital payment mechanisms and taking contactless delivery of goods wherever possible. “Digital financial transaction systems, e-wallets and apps, online transactions using e-banking, usage of Plastic money (Debit and Credit Cards), etc. have recorded a substantial increase in demand during the crisis”. The objective of the present paper is to examine and analyze the digital finance transactions in selected cities during the ongoing pandemic


2021 ◽  
Vol 8 (4) ◽  
pp. 193-197
Author(s):  
N Karunakaran ◽  
P. Shibu ◽  
M. D. Devasia

Payment system in India has undergone a dramatic change in recent years. The payment through cards, using both debit and credit cards, is one of the early innovations in the modern payment system in the country. Several intermediaries are involved in the effective functioning of card payment mechanism. As a result, the card payment infrastructure has grown remarkably well across India. The volume of payments made through these devices as well as the value of card payments increased rapidly in the last two decades. Among the commercial banks, the State Bank of India dominates in the maintenance of ATM infrastructure, the issue of cards and in the volume and value of card transaction. The private sector banks dominate in the installation of POS terminals and HDFC bank tops in the POS credit card transaction. However, the recent trend shows that the transaction through cards as a percentage of total retail electronic payments has been declining in India, as other retail payments platforms have become popular.


Author(s):  
Shamxal Mammadov

The article provides information on the establishment and development of e-commerce in Azerbaijan, emphasizing that the scale of this field will expand in our country in a short time. Information was provided on the number of payment cards in Azerbaijan in 2016-2020, the volume of non-cash payments, transactions with debit and credit cards, transactions per ATM and one POS-terminal. The article also notes the volume of transactions carried out by foreigners visiting Azerbaijan through bank cards in January-October 2021 and e-commerce in Azerbaijan in January-October 2019-2021.


Author(s):  
Peterson K Ozili

This study investigates whether the level of economic policy uncertainty (EPU) would reduce the level of financial inclusion. It was predicted that a high level of EPU could have a negative effect on the level of financial inclusion. It was argued that a high level of EPU would discourage financial institutions from providing basic financial services to low end customers and unbanked adults, and this would lead to a decrease in the level of financial inclusion. Using a sample of 22 countries, the study found that the level of EPU did not have a significant impact on financial inclusion. None of the nine indicators of financial inclusion were found to have a significant direct relationship with EPU. However, there was some evidence that the combined effect of a high level of EPU and high nonperforming loans could reduce financial inclusion, particularly through bank branch contraction and a reduction in the use of electronic payments. Furthermore, the use of formal accounts and credit cards would increase in times of high credit supply and when there was a high level of EPU.


Author(s):  
Baker Al Smadi ◽  
Ali Abdullah S. AlQahtani ◽  
Hosam Alamleh

2021 ◽  
Vol 14 (4) ◽  
pp. 97-112
Author(s):  
Sergio Hernández-Mejía ◽  
Arturo García-Santillán ◽  
Elena Moreno-García

2021 ◽  
Vol 4 (1) ◽  
pp. 7-15
Author(s):  
Sekamwa Umar ◽  
Semwogerere Twaibu ◽  
Gilbert Gilibrays Ocen ◽  
Lusiba Badru ◽  
Alunyu Andrew ◽  
...  

Supermarkets are large retail stores operated on a self-service basis. They sell a range of goods from agricultural produce to electronics with tagged prices. They are coupled with numerous advantages like supporting advanced means of payment like cheques, credit cards, smart store electronic cards and mobile money, offering transportation incentives and discounts. The study aimed at coming up with an RFID-Based billing system through automation. The methods and materials used included document reviews, observational experiments, system design, implementation and testing based on current situations in the supermarket business. Findings showed that there are several weaknesses with the existing systems and the new system could ably uphold the time resource, efficiency improvement of both workers and customers, and it is secure, cost-effective, and time-saving especially from queues. The widely implemented system can improve the revenue gap and possibly rejuvenate the national or international economy to a large extent.


2021 ◽  
pp. 1-27
Author(s):  
G. GULSUN AKIN ◽  
AHMET FARUK AYSAN ◽  
EZGI ÖZER ◽  
LEVENT YILDIRAN

In this paper, we analyze the demand side of the credit card market. Using unique survey data and a discrete choice model, we uncover consumer preferences for all price and nonprice features of credit cards. Our results provide evidence for an alternative explanation for the credit card pricing puzzles. We show that consumers view credit cards as highly differentiated products with both bank-level and card-level nonprice features. When selecting their credit cards, they predominantly prioritize these nonprice features over prices. Although private banks charge higher prices for their credit card services than other banks, the majority of consumers choose them as issuers due to their bank-level and card-level nonprice features. Consumers who prioritize prices tend to choose the credit cards of participation or public banks. Widespread branch/automated teller machine networks as bank-level features and installments, bonuses/rewards/miles and the prestige of the card as card-level features are particularly effective in consumers’ decisions to choose private banks as issuers. Such strong preferences for nonprice features seem to furnish private banks with market power. Hence, we argue that underlying issuers’ market power is also this differentiated nature of credit cards, for which regulatory measures are not self-evident.


Sign in / Sign up

Export Citation Format

Share Document