Results 211 to 220 of about 47,140 (260)

Differentiated interchange fees

Economics Letters, 2012
Abstract Payment networks typically differentiate interchange fees across different merchant sectors. This paper shows that it is generally efficient for a regulator to leave the decision on the structure of interchange fees to payment networks.
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Interchange fees for bank ATM networks

Naval Research Logistics, 1998
Summary: Banks have found it advantageous to connect their Automated Teller Machines (ATMs) in networks so that customers of one bank may use the ATMs of any bank in the network. When this occurs, an interchange fee is paid by the customer's bank to the one that owns the ATM. These have been set by historic interbank negotiation. The paper investigates
Gow, S. H., Thomas, L. C.
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Regulating Interchange Fees in Payment Systems

SSRN Electronic Journal, 2001
This paper provides a simple model of ‘four party’ payment systems designed to consider recent moves to regulate interchange fees and other rules of credit card associations. In contrast to recent formal analyses emphasising the role of network effects in the decisions of customer and merchants to use credit cards, we provide a model without such ...
Joshua S. Gans, Stephen P. King
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A Genuine Commercial Justification for Interchange Fees

SSRN Electronic Journal, 2018
Ronald Coase famously argued that “if an economist finds something – a business practice of one sort or other – that he does not understand, he looks for a monopoly explanation”. So it is with credit card interchange fees. Intellectual confusion has led to the phenomenon of interchange fees being misdiagnosed as being a monopoly problem leading to ...
Chris Berg, Sinclair Davidson, Jason Potts   +2 more
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Interchange Fees and Innovation in Payment Systems

SSRN Electronic Journal, 2013
We analyze the impact of interchange fees on consumers’ and merchants’ incentives to adopt an innovative payment instrument, in a setting with adoption externalities between consumers and merchants. We show that consumer adoption decreases with the interchange fee for high degrees of externality, and varies non-monotonically with it for low degrees of ...
Bourreau, Marc, Verdier, Marianne
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Payment Card Interchange Fees and Price Discrimination

The Journal of Industrial Economics, 2014
We consider the implications of platform price discrimination in the context of card platforms. Despite the platform's ability to price discriminate, we show that it will set fees for card usage that are too low, resulting in excessive usage of cards. We show this bias remains even if card fees (or rewards) can be conditioned on each type of retailer ...
Rong Ding, Julian Wright
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Effects of Interchange Fee Changes on Merchant Service Fees and Cardholders' Benefits

SSRN Electronic Journal, 2005
In this paper we propose a mechanism to measure the impact of changes in Interchange Fees (IF), both on the prices paid by merchants (called merchant service fee -MSF) and on the benefits received by payment card users. In our approach IFs are exogenous both to card issuing and acquiring banks.
Fabrizio Lopez-Gallo Dey, Jose L. Negrin
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Interchange fees: A cost-cutter's update

Journal of Corporate Accounting & Finance, 2006
Are your treasury management operations paying less to process checks and cash than debit transactions? You're not alone. Distressed about the slim profit margins generated by credit-card sales? Join the club. The author gives an update on the latest news about interchange fees—and then shows how you can reduce them. © 2006 Wiley Periodicals, Inc.
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The Neutrality of Interchange Fees in Payment Systems

Topics in Economic Analysis & Policy, 2001
Abstract There has been considerable public debate over the effect of interchange fees on credit card transactions. Regulators in Australia and Europe have argued that these fees can be set by banks to have an anticompetitive effect. In the US, it has been argued that these fees, together with a rule that prevents a surcharge for credit purchases ...
Joshua S. Gans, Stephen P. King
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Interchange fees in card payments

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 constructive dialogue among the stakeholders involved in this debate. Transparency and clarity with
Börestam, Ann, Schmiedel, Heiko
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