This article revisits the research in "The Move Toward a Cashless Society: A Closer Look at Payment Instrument Economics" in order to clarify assumptions underlying the theoretical model and how they impact the included cost and benefit categories; evaluate the estimates' plausibility by...

We address Allan Shampine's critiques of our study on the costs and benefits of payment instruments, and review the current state of the literature. We argue that a consensus seems to be emerging in which: (a) different payment instruments appear to be socially efficient at different transaction...

The Reserve Bank has conducted a survey on bank fees each year since 1997. The results of the most recent survey suggest that banks’ fee income from both households and businesses rose moderately in 2013. However, deposit and loan fees have declined as a ratio to the outstanding values of...

We provide the first evidence on how the introduction of information sharing via a public credit registry affects banks’ lending decisions. We employ a unique dataset containing detailed information on credit card applications and decisions from one of the leading banks in China. While we do...

In 2010, government of Malaysia strived to bring the country to be a high income, inclusive and sustainable nation by year 2020 through its New Economic Model (NEM) introduced in its Economic Transformation Programme (ETP). However this would also hint a sign rising price in many things, hence a...

Previous studies mostly focus on bank performance, but few studies have effectively investigated how efficiency is reduced as banks expand credit card or cash card issuances. This study seeks to investigate how bank's relaxations of card issuance and credit revolvers reduce bank efficiency...

This paper discusses some of the key fair lending risks that can arise in various stages of the marketing, acquisition, and management of credit card accounts, and the analysis that can be employed to manage such risks. The Equal Credit Opportunity Act (ECOA) and its implementing Regulation B...

Electronic Banking is an essential sector of banking industry. E-banking services are gaining the attention of conventional bank’s customers rapidly. It has brought the revolutionary changes in the Pakistan banking industry in terms of customer and business perspectives. Electronic banking has...

How consumers pay influences how they feel about a transaction. In particular, paying by card has been argued to have an effect on the perception of cost, making it less salient and painful. We propose and show that payment method also influences how consumers feel about the acquired good....

Innovative measures needed in our banking sector which would render it more inclusive, vibrant, productive, efficient and above all, customer-centric. [ seventh Annual Banking Conference “Bank on it , 2014†organized by the Narsee Monjee Institute of Management Studies in Mumbai].