On October 14, 2004, the Payment Cards Center hosted a workshop led by Professor Mark Budnitz of Georgia State University School of Law. Budnitz, the author of four books and many Law Review articles on consumer payments, described how the current regime of consumer payment regulation and...

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...

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...