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An empirical analysis of debit card interchange fee regulation: Evidence from Brazil
Latin American Journal of Central Banking, 2023 This paper presents an empirical analysis of the introduction, in October 2018, of maximum thresholds (“caps”) on debit card interchange fees for domestic payment cards in Brazil.
Daniel Tavares de Castro +2 more
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Interchange fees in various countries: developments and determinants [PDF]
Review of Network Economics, 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.
Julian Wright, Stuart E. Weiner
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Payment Systems and Interchange Fees [PDF]
The Journal of Industrial Economics, 2002 In a typical bank credit card transaction, the merchant's bank pays an interchange fee, collectively determined by all participating banks, to the cardholder's bank.
Richard Schmalensee
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Interchange fees in card payments [PDF]
Journal of Payments Strategy & Systems, 2011 The present paper explores issues surrounding multilateral interchange fees (MIFs) in payment card markets from various angles. The Eurosystem’s public stance on interchange fees is neutral. However, the Eurosystem takes a keen interest in facilitating a
Börestam, Ann, Schmiedel, Heiko
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THE INTERCHANGE FEE IMPACT ON THE DEVELOPMENT OF NON-CASH TRANSACTIONS [PDF]
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-Białej, 2016 The purpose of the paper is to present the influence of legally regulated interchange fee amount on non-cash turnover. The larger number of point of sale terminals has resulted in the increase in a number and amount of non-cash transactions, what ...
Iwona Łuka, Jacek Binda
doaj +15 more sources
The Economics of Interchange Fees and Their Regulation: An Overview [PDF]
SSRN Electronic Journal, 2005 This essay surveys the economic literature on interchange fees and the debate over whether interchange should be regulated and, if so, how. We consider, first, the operation of unitary payment systems, like American Express, in the context of the recent ...
Evans, David, Schmalensee, Richard
core +5 more sources
Paying for payments: free payments and optimal interchange fees [PDF]
SSRN Electronic Journal, 2014 Do consumers and merchants use the most efficient payment instruments? I examine how inter- change fees, which are fees paid from merchants' banks to consumers' banks when card transactions take place, influence the choice between cash and payment cards.
Korsgaard, Søren
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Debit card interchange fees generally lead to cash-promoting cross-subsidisation [PDF]
SSRN Electronic Journal, 2011 Cards and cash are competing payment instruments at point-of-sale. The twosided market platform theory, based on general benefit assumptions, supports the use of multilateral interchange fees for card payments as a means of promoting the use of cards ...
Leinonen, Harry
core +4 more sources
The Estimation of Monopoly Power in Two Sided Markets; The Case Study of Payment Cards in Iran [PDF]
فصلنامه پژوهشهای اقتصادی ایران, 2021 This article examines the theory of network-based economics (two-sided markets) and considers payment cards in Iran as a case study. Based on the monthly data of the Central Bank of Iran and the payment cards of electronic networks in Iran (SHAPARAK ...
Reza Taleblou +2 more
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Credit card interchange fees [PDF]
Journal of Banking & Finance, 2009 We build a model of credit card pricing that explicitly takes into account credit functionality. In the model a monopoly card network always selects an interchange fee that exceeds the level that maximizes consumer surplus. If regulators only care about consumer surplus, a conservative regulatory approach is to cap interchange fees based on retailers ...
Rochet, J.-C., Wright, J.
openaire +4 more sources