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Banks and credit card issuers are embracing contactless payment, the next phase in payment technology
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Debit cards are overtaking credit cards as the most prevalent form of electronic payment at the point of sale, yet the determinants of a ubiquitous consumer choice-"debit or credit?"-have received relatively little scrutiny. Several stylized facts suggest that debit-card use is driven by...
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In May 2005, the Federal Reserve Bank of Kansas City sponsored a conference, "Interchange Fees in Credit and Debit Card Industries: What Role for Public Authorities?" Conference participants included prominent industry executives, legal authorities, academics, and central bankers from around the...
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