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Shopping without cash: the emergence of the e-purse

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  • Carol L. Clark

Abstract

This article finds that successful e-purse programs tend to have a captive audience that drives critical mass, such as those found in the transportation industry or government sector; an affordable cost structure relative to other payment instruments; compelling incentives for consumers and merchants; and technology that is well tested and addresses standards issues before rollout.

Suggested Citation

  • Carol L. Clark, 2005. "Shopping without cash: the emergence of the e-purse," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 29(Q IV), pages 34-51.
    • Handle: RePEc:fip:fedhep:y:2005:i:qiv:p:34-51:n:v.29no.4
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    References listed on IDEAS

    as
    1. Leo Van Hove, 2004. "Electronic Purses in Euroland: Why do Penetration and Usage Rates differ?," SUERF Studies, SUERF - The European Money and Finance Forum, number 2004/4 edited by Morten Balling, May.
    2. Chakravorti, Sujit, 2004. "Why has stored-value not caught on?," Journal of Financial Transformation, Capco Institute, vol. 12, pages 39-48.
    3. Rochet Jean-Charles & Tirole Jean, 2003. "An Economic Analysis of the Determination of Interchange Fees in Payment Card Systems," Review of Network Economics, De Gruyter, vol. 2(2), pages 1-11, June.
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    Cited by:

    1. Olivier Hueber, 2011. "Innovation in virtual social networks: the widespread of new electronic currencies and the emergence of a new category of entrepreneurs," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 1(2), pages 163-174.
    2. Jonathan Liebenau & Silvia Elaluf-Calderwood & Gus Hosein & Patrik Kärrberg, 2011. "Near field communications: privacy, regulation & business models," LSE Research Online Documents on Economics 39076, London School of Economics and Political Science, LSE Library.
    3. Mashreghi , Behrooz & Keramati , Abbas, 2012. "An Analysis of the Factors Influencing Success of Bank-issued Micropayment Systems in Iran," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 6(3), pages 245-286, April.
    4. Olivier Hueber, 2008. "Online communities of payments and consumer behaviour," Post-Print hal-00440942, HAL.

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    Keywords

    Smart cards; Cash flow;

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