Interchange Fees in Various Countries: Developments and Determinants

Review of Network Economics - Tập 4 Số 4 - 2005
Stuart E. Weiner1, Julian Wright2,3,4
1Federal Reserve System ,
2Federal Reserve Bank of Kansas City
3National University of Singapore;
4Payments System Research Department, Federal Reserve Bank of Kansas City, 925 Grand Blvd., Kansas City, Missouri, USA, 64198,

Tóm tắt

Interchange fees and related issues in payment card markets have been the focus of considerable attention recently. The academic community and public officials have begun to scrutinize these markets. Meanwhile, these markets continue to experience dynamic change as card payments account for an ever-growing share of overall payments. This paper provides an overview of interchange fee developments and issues, and also presents a preliminary analysis of some possible contributing factors. The principal conclusion of the paper is that interchange arrangements vary considerably across countries, and while existing economic theory provides some insight into this market, much remains to be explained.

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Tài liệu tham khảo

December, 2005, Payment Systems in EMEAP Economies EMEAP Working Group on Payment and Settlement Systems of Network Economics Vol Issue Federal Reserve System Retail Payments Research Project : A Snapshot of the U S, Review, 321

December, 2005, of Network Economics Vol Issue Dove Consulting Debit Card Survey : Cardholder Fees and Industry Outlook, Review, 320

April, 2004, Netherlands Competition Authority Decision No Case : Interpay of Network Economics Vol Issue Netherlands Competition Authority NMa Fines Interpay and Banks for Infringement of Competition Act Press Release, Review, 28, 2910

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Review of Network Economics

Tập 4 Số 4

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