Results 11 to 20 of about 1,778 (256)
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 S., Schmalensee, Richard L.
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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
Schmiedel, Heiko, Börestam, Ann
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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.
Stuart E. Weiner, Julian Wright
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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.
Rochet, Jean-Charles +3 more
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A Model of the Card Payment System and the Interchange Fee [PDF]
SSRN Electronic Journal, 2002 We analyse a card payment system to assess the economic impact of the interchange fee. This fee is paid by the bank of the merchant, the acquirer, to the bank of the consumer, the issuer. We build up a mode in order to explore whether the interchange fee
Rinaldi, Laura, De Grauwe, Paul
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Perfect surcharging and the tourist test interchange fee [PDF]
Journal of Banking & Finance, 2010 Two widely discussed pricing benchmarks in the literature on payment cards markets are the "tourist test" interchange fee (Rochet and Tirole, 2010), which internalizes usage externalities in payment card markets, and "perfect surcharging" by merchants ...
Hans Zenger, Zenger, Hans
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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.
Søren Korsgaard, Korsgaard, Søren
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The role of the interchange fee in card payment systems [PDF]
, 2012 The interchange fee applied in four-party card systems transfers incomes in the payment card business from merchants to cardholders. Assessment of the interchange fee and the interpretation of its role have prompted serious professional debate in recent ...
Takács, Kristóf +4 more
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The Determinants of Optimal Interchange Fees in Payment Systems [PDF]
The Journal of Industrial Economics, 2001 A fundamental aspect of any open payment system is the interchange fee that is paid from the merchant's bank to the cardholder's bank. Using a model in which there is partial participation by heterogeneous consumers and merchants, this paper ...
Wright, Julian
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The role of interchange fees in ATM networks [PDF]
International Journal of Industrial Organization, 2006 Abstract We develop a model to study the deployment of shared ATMs when an interchange system compensates banks for processing non-customers' withdrawals. The interchange fee is chosen cooperatively by banks. We show that a high interchange fee softens competition on the market for deposits but increases competition to process withdrawals.
Donze, Jocelyn, Dubec, Isabelle
openaire +6 more sources