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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...
Persistent link: https://www.econbiz.de/10005360690
This paper examines how competition among payment card networks three-party scheme networks and four-party scheme … competition will likely increase cardholder rewards but will not necessarily lower merchant fees in the U.S. payment card market …
Persistent link: https://www.econbiz.de/10005360692
, and the United States—models that “best” fit the competitive and institutional features of that country’s payment card …
Persistent link: https://www.econbiz.de/10005707815
It has been three years since we published A Guide to the ATM and Debit Card Industry. Those three years represent a very dynamic time in the industry with a number of important developments. Some trends and patterns have persisted or accelerated, while others have peaked or reversed. Still...
Persistent link: https://www.econbiz.de/10005367846
This paper presents models that explain why merchants accept payment cards even when the fees they face exceed the … assumption used in payment card literature—merchants accept cards only when their transactional benefits are higher than the fees …
Persistent link: https://www.econbiz.de/10005360684
complex marketplace with competing payment instruments, rational consumers/merchants, and competitive card issuers …
Persistent link: https://www.econbiz.de/10005360691