Results 11 to 20 of about 25,361 (303)
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. A constructive dialogue among the stakeholders involved is key in this debate. Transparency and clarity with respect to the real costs and benefits of different payment instruments are indispensable for a modern and harmonised
Börestam, Ann, Schmiedel, Heiko
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Consumer Credit and Payment Cards [PDF]
SSRN Electronic Journal, 2011 We consider debit and credit card networks. Our contribution is to introduce the role of consumer credit into these payment networks, and to assess the way this affects competition and equilibrium fees. We analyze a situation in which overdrafts are associated with current accounts and debit cards, and larger credit lines with ‘grace’ periods are ...
Wilko Bolt +2 more
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A Puzzle of Card Payment Pricing: Why Are Merchants Still Accepting Card Payments? [PDF]
Review of Network Economics, 2006 This paper presents models that explain why merchants accept payment cards even when the fees they face exceed the transactional benefits they receive from a card transaction. The prevalent assumption merchants accept cards only when they earn positive net transactional benefits holds only for a monopoly merchant who faces an inelastic consumer ...
Fumiko Hayashi
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FORGING PAYMENT CARDS AND CYBERCRIME
Pravo, 2023 Payment card forging and high-tech crime are deeply rooted problems in today’s society. These sophisticated forms of crime utilize advanced techniques and high-tech tools to illegally access financial resources and commit fraud.
Katarina Stojković Numanović +2 more
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Naše Gospodarstvo, 2016 The aim of this paper is to analyze the use of payment cards in retail in the Czech Republic from the side of clients (buyers) and the side of sellers.
Kantnerová Liběna
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The Economics of Payment Card Fee Structure: Policy Considerations of Payment Card Rewards [PDF]
SSRN Electronic Journal, 2008 This paper considers possible public policies that could improve efficiency and welfare distribution in the U.S. retail payments industry. Mainly, four options, i) encouraging competition; ii) allowing merchants to surcharge; iii) regulating merchant fees; and iv) regulating payment card rewards, are discussed, but each option has advantages and ...
Fumiko Hayashi
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Economics of payment cards: A status report [PDF]
FRB Chicago Economic Perspectives, 2008 This article surveys the recent theoretical literature on payment cards (focusing on debit and credit cards) and studies this research's possible implications for the current public policy debate over payment card networks and the pricing of their services for both consumers and merchants.
Wilko Bolt, Sujit Chakravorti
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A gap and damage in the security of payment cards
Business: Theory and Practice, 2006 In the article the payment card problems are connected with a gap and damage in the security system. The main purpose of the article is to evaluate security level of the payment card system and find its security gap and damage.
Vytautas Sūdžius +1 more
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SSRN Electronic Journal, 2010 Payment card networks, such as Visa, require merchants' banks to pay substantial “interchange” fees to cardholders' banks on a per transaction basis. This paper shows that a network's profit-maximizing fee induces an inefficient price structure, oversubsidizing card usage and overtaxing merchants.
Bedre Defolie, Ózlem, CALVANO, EMILIO
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Formation of a Competitive Environment in the Market of Electronic Payment Systems
Современная конкуренция, 2022 The relevance of the study of the formation of a competitive environment in the payment systems market is due to the current oligopoly of foreign payment systems.
Alexander N. Aleksahin +4 more
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