Bolt, Wilko; Foote, Elizabeth; Schmiedel, Heiko - European Central Bank - 2011
We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these … overdrafts are associated with current accounts and debit cards, and larger credit lines with ‘grace’ periods are associated with … credit cards. If we just introduce credit cards, we find their merchant fees depend not only on the networks’ cost of funds …