Interchange Fees with Cashless Stores and Cashless Consumers

2021 ◽  
Author(s):  
Oz Shy
Keyword(s):  
Interchange Fees

Regulating Interchange Fees in Payment Systems

2001 ◽  
Author(s):  
Joshua S. Gans ◽  
Stephen P. King
Keyword(s):  
Payment Systems ◽  
Interchange Fees

scholarly journals Externalities and Regulation in Card Payment Systems

2006 ◽  
Vol 5 (1) ◽  
Author(s):  
Jean-Charles Rochet ◽  
Jean Tirole
Keyword(s):  
Social Welfare ◽  
Consumer Surplus ◽  
Welfare Analysis ◽  
Payment Systems ◽  
Interchange Fees ◽  
Regulatory Approach ◽  
Innovative Thinking ◽  
Card Payment ◽  
Economic Thinking

The paper offers a roadmap to the current economic thinking concerning interchange fees. After describing the fundamental externalities inherent in payment systems and analysing merchant resistance to interchange fee increases and the associations' determination of this fee, it derives the externalities' implications for welfare analysis. It then discusses whether consumer surplus or social welfare is the proper benchmark for regulatory purposes. Finally, it offers a critique of the current regulatory approach, and concludes with a call for more novel and innovative thinking about how to reconcile regulators' concerns and the industry legitimate desire to perform its balancing act.

Interchange Fees and Card Payments: A Cross-country Analysis

2021 ◽  
Author(s):  
Guerino Ardizzi ◽  
Diego Scalise ◽  
Gabriele Sene
Keyword(s):  
Interchange Fees ◽  
Country Analysis ◽  
Cross Country

The Adoption Process of Payment Cards

2014 ◽  
pp. 1228-1252 ◽  
Author(s):  
Biliana Alexandrova-Kabadjova ◽  
Sara G. Castellanos-Pascacio ◽  
Alma L. Garcia-Almanza
Keyword(s):  
Adoption Process ◽  
Point Of Sale ◽  
Adoption Rate ◽  
Interchange Fees ◽  
Payment Cards ◽  
Multi Agent ◽  
Net Benefits ◽  
Different Levels ◽  
Complete Process ◽  
Model Scenarios

The authors investigate the payment adoption rate under consumers' and merchants' awareness of network externalities, given two levels of interchange fees in a multi-agent card market. For the purpose of their research, in multiple instantiations of the model (scenarios) the investigated effects are analyzed over the complete process of adoption, until the market's saturation point is achieved. Then, for each scenario, a comparison is made between two different levels of interchange fees and different degrees of consumers' and merchants' awareness. To this end, the authors model explicitly the interactions between consumers and merchants at the point of sale. They allow card issuers to charge consumers with fixed fees and provide net benefits from card usage, whereas acquirers can charge fixed and transactional fees to merchants.

Interchange fees and inefficiencies in the substitution between debit cards and cash

2012 ◽  
Vol 30 (6) ◽  
pp. 682-696 ◽  
Author(s):  
Marianne Verdier
Keyword(s):  
Interchange Fees ◽  
Debit Cards
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