Similar Search Results

A puzzle of card payment pricing : why are merchants still accepting card payments?

Hayashi, Fumiko - Federal Reserve Bank of Kansas City - 2004

This paper presents models that explain why merchants accept payment cards even when the fees they face exceed the transactional benefits they receive from a card transaction. Such merchant behaviors can be explained by competition among merchants and/or the effectiveness of the merchant’s...

Persistent link: https://www.econbiz.de/10005360684

Interchange fees in various countries: developments and determinants

Weiner, Stuart E.; Wright, Julian - Federal Reserve Bank of Kansas City - 2005

Interchange fees and related issues in credit and debit card markets have been the focus of considerable attention in … recent years. The academic community has begun to address the economics of these markets. Public officials have begun to … address the policy implications of developments in these markets. Meanwhile, these markets continue to experience dynamic …

Persistent link: https://www.econbiz.de/10005360690

Pricing and welfare implications of payment card network competition

Hayashi, Fumiko - Federal Reserve Bank of Kansas City - 2006

This paper examines how competition among payment card networks three-party scheme networks and four-party scheme networks affects pricing as well as the welfare of various parties. A competing network has an incentive to provide rewards to its card users. By providing more generous rewards than...

Persistent link: https://www.econbiz.de/10005360692

Competition and credit and debit card interchange fees: a cross-country analysis

Hayashi, Fumiko; Weiner, Stuart E. - Federal Reserve Bank of Kansas City - 2005

This paper seeks to provide a bridge between the theoretical and empirical literatures on interchange fees. Specifically, the paper confronts theory with practice by asking, to what extent do existing models of interchange fees match up with actual interchange fee practices in various countries?...

Persistent link: https://www.econbiz.de/10005707815