Results 211 to 220 of about 42,965 (255)

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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Perfect surcharging and the tourist test interchange fee [PDF]

Journal of Banking & Finance, 2011
Abstract Two widely discussed pricing benchmarks in the literature on payment card markets are the “tourist test” interchange fee ( Rochet and Tirole, forthcoming ), which internalizes usage externalities in payment card markets, and “perfect surcharging” by merchants ( Rochet and Tirole, 2002 ).
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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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Welfare Analysis of Debit Card Interchange Fee Regulation [PDF]

Richmond Fed Economic Brief, 2013
Merchants pay interchange fees to card issuers when they accept credit or debit cards as payment. Many merchants have complained that the fees far exceed issuers' costs for processing such transactions. In response to those complaints, Congress directed the Federal Reserve to impose a cap on debit card interchange fees. The cap lowered interchange fees
Sablik, Timothy, Wang, Zhu
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Two-Sided Markets and Interchange Fees

2018
Gorka presents the theory of two-sided markets that create value (indirect network effect) by connecting two distinct groups of agents, e.g. card payers and card payees. This chapter characterises conditions defining two-sided markets and market failures which can arise there. It also deals with economics of interchange fees.
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Interchange Fee Regulation – Step Forward Without Clear Outcome

The journal of American Academy of Business, Cambridge, 2013
All over the world, the card payment system constitutes an important part of the overall retail payment system. Although since its beginnings it has developed without regulatory price limitations, it seems that an increasing number of countries are now considering whether there is a need and justification for limiting at least some of them.
Stojanović, Alen, Leko, Vlado
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Regulating Interchange Fees for Card Payments

2016
The European retail payments market is fragmented. It used to consist of twenty-eight nationally operating payment markets served by national schemes, which were separated from each other by legal and technical barriers. With the unification of the European retail payments market, most of the legal and technical barriers between countries have been ...
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Interchange Fee Reforms in Various Countries

2018
Gorka provides a global outlook on public authorities’ involvement in interchange fees and card payments in France, EU (competition cases), Mexico, Canada, Israel, India and China. Then, three country cases—Australia, USA and Spain—are studied in detail according to the framework from the previous chapter. Next, all of them are compared. Gorka assesses
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The Drama of Interchange Fees

CPI Journal Apr-08(1), 2008
The main problem with the economics of card payments is that cash is used as its yardstick and cash payments, being the most socially inefficient means of payment, are made available at a price significantly below cost (often free of charge).
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