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Pricing Debit Card Payment Services
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Book Synopsis Pricing Debit Card Payment Services by : Wilko Bolt
Download or read book Pricing Debit Card Payment Services written by Wilko Bolt and published by International Monetary Fund. This book was released on 2003-10-01 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In setting its prices, it needs to consider getting both consumers and retailers to participate in the market. In this two-sided market for debit cards, we show that the "double-monopolistic" network routing switch may want to supply consumers with cheap debit cards, deriving profits from charging a high retailer fee per transaction. This theoretic result resembles the current practice in the Netherlands where consumers pay no transaction fee, but retailers do. This corner solution carries over when we analyze socially optimal pricing.
Book Synopsis Cost Recovery and Pricing of Payment Services by : David B. Humphrey
Download or read book Cost Recovery and Pricing of Payment Services written by David B. Humphrey and published by World Bank Publications. This book was released on 1997 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pricing Debit Card Payment Services by : Wilko Bolt
Download or read book Pricing Debit Card Payment Services written by Wilko Bolt and published by . This book was released on 2011 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a theoretical framework for analyzing pricing structures in debit card schemes featuring cardholders, retailers, their respective banks, and a network routing switch. The network routing switch controls the electronic debit card network and is jointly owned by the banks. In setting its prices, it needs to consider getting both consumers and retailers to participate in the market. In this two-sided market for debit cards, we show that the double-monopolistic network routing switch may want to supply consumers with cheap debit cards, deriving profits from charging a high retailer fee per transaction. This theoretic result resembles the current practice in the Netherlands where consumers pay no transaction fee, but retailers do. This corner solution carries over when we analyze socially optimal pricing.
Book Synopsis Pricing debit card payment services by : Wilko ; Tieman Bolt (Alexander F.)
Download or read book Pricing debit card payment services written by Wilko ; Tieman Bolt (Alexander F.) and published by . This book was released on 2003 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Pricing Electronic Payments Services by : Alexander F. Tieman
Download or read book Pricing Electronic Payments Services written by Alexander F. Tieman and published by . This book was released on 2011 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Netherlands the enormous uptake in the usage of debit cards has been the main driver for the rapid developments in non-cash, point-of-sale, payments. However, several practices in the Dutch electronic payments services industry with regard to pricing and infrastructure have attracted controversy and antitrust scrutiny. In this paper we will present a theoretic framework to analyse pricing structures in debit card schemes. Cardholders value debit cards only to the extent that these are accepted by retailers, while retailers in turn benefit from a widespread usage of cards. This points to a fundamentaldimension of the market for debit cards, namely, that it is two-sided. In setting prices banks need to be careful to get both the consumers' side and retailers' side on board. We show that the consumers' side of the market can be used to generate an increase in demand for debit card payments, for which the retailers effectively pay. This theoretic results nicely corresponds to the current practice in the Netherlands that consumers pay no transaction fee for using their debit cards. Only the retailers pay such a fee. The question arises how this result compares to socially optimal prices, and how system competition between network switches affects this result.
Book Synopsis Interchange Fees and Payment Card Networks by :
Download or read book Interchange Fees and Payment Card Networks written by and published by . This book was released on 2009 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Merchant's Guide: Fee-Free Credit Card Processing by : Elijah Hawkins
Download or read book The Merchant's Guide: Fee-Free Credit Card Processing written by Elijah Hawkins and published by . This book was released on 2017-07-10 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even if you have the greatest ISO, one who works in favor of your business, processing fees may still place a hurdle in your financial path to success. The good news is that there is a way you can avoid paying credit processing fees altogether. By reading this e-book, you can learn how to eradicate the costly expense of credit card processing, getting your bill to near zero. Countless merchants are already using this information to save hundreds, even thousands, every month. The savings can add up fast. Learn how the credit card processing industry works and why tiered pricing is never in your favor. Discover how the money actually flows through the processing industry and why and how merchants are unknowingly getting hit in their pockets from both sides. This guide is geared towards those merchants who want to stop paying high fees for credit card transactions but still allow customers to pay with their favorite method of payment.
Book Synopsis Regulating to Reduce Merchant Service Fees by :
Download or read book Regulating to Reduce Merchant Service Fees written by and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Merchant service fees are charged to merchants by their bank for accepting some types of card payments. Scheme (MasterCard and Visa) credit card transactions, and contactless and online scheme debit card transactions, cost merchants more to accept than swiped or inserted debit card transactions. These higher cost payment methods have been growing as a share of transactions in New Zealand. Domestic EFTPOS provides price competition for some scheme debit products, but its use is declining... Merchant service fees, including interchange fees (which usually are the main component of merchant service fees), are unregulated in New Zealand. Over the years a complex pricing system has evolved, with multiple fees depending on the product and merchant. Other than for debit cards (swiped or inserted), weighted average merchant service fees are high relative to international comparisons. This remains the case even after changes by the schemes and participating banks to restructure their merchant service fees and increase transparency to provide better deals"--Executive summary.
Book Synopsis Developing and Managing a Successful Payment Cards Business by : Jeff Slawsky
Download or read book Developing and Managing a Successful Payment Cards Business written by Jeff Slawsky and published by Routledge. This book was released on 2017-05-15 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: The credit card industry today is a multi-trillion dollar business that employs hundreds of thousands of people across the globe and impacts literally billions of people every day. Yet there is no comprehensive book or reference material available in the marketplace that provides fact-based perspectives on how to develop and manage a successful card business - despite the significant demand from all those involved in the industry. Developing and Managing a Successful Payment Cards Business offers information, analysis, observations, perspectives and advice on developing and managing a card business. There is comprehensive coverage of all areas including card business strategy, product development, customer acquisition and retention strategies, and product marketing techniques. The book also reviews underlying infrastructure components relating to operations and systems including risk management and transaction processing and suggests improvement techniques. There is detailed discussion on portfolio performance and profitability evaluation, as well as new technology developments and emerging payment systems such as chip cards and mobile payments.
Book Synopsis Profiting from Change in the U.S. Payments System by :
Download or read book Profiting from Change in the U.S. Payments System written by and published by . This book was released on 1998 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Pricing of Payment Services when Cash is an Alternative by : Cyril Monnet
Download or read book Optimal Pricing of Payment Services when Cash is an Alternative written by Cyril Monnet and published by . This book was released on 2007 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Payments are increasingly being made with payment cards rather than currency-this despite the fact that the operational cost of clearing a card payment usually exceeds the cost of transferring cash. In this paper, the authors examine this puzzle through the lens of monetary theory. They consider the design of an optimal card-based payment system when cash is available as an alternative means of payment, and derive conditions under which cards will be preferred to cash. The authors find that a feature akin to the controversial "no-surcharge rule" may be necessary to ensure the viability of the card payment system. This rule, which is part of the contract between a card provider and a merchant, states that the merchant cannot charge a customer who pays by card more than a customer who pays by cash.
Book Synopsis H.R. 2382, the Credit Card Interchange Fees Act of 2009; and H.R. 3639, the Expedited Card Reform for Consumers Act of 2009 by : United States. Congress. House. Committee on Financial Services
Download or read book H.R. 2382, the Credit Card Interchange Fees Act of 2009; and H.R. 3639, the Expedited Card Reform for Consumers Act of 2009 written by United States. Congress. House. Committee on Financial Services and published by . This book was released on 2010 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Payment System by : Mr.Bruce J. Summers
Download or read book The Payment System written by Mr.Bruce J. Summers and published by International Monetary Fund. This book was released on 1994-12-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes a practical contribution to increased understanding of payment system design and management and of the relationship between the payment system and monetary policy. The authors of the twelve papers included in the book are central banking experts from around the world who draw on their experiences in providing technical assistance to the central banks of the countries of the former U.S.S.R.
Book Synopsis Payment Systems by : David B. Humphrey
Download or read book Payment Systems written by David B. Humphrey and published by World Bank Publications. This book was released on 1995 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Bank Technical Paper No. 260. An efficient payment system is a necessary precondition for business development. This study outlines the basic operating principles of a payment system and reviews its benefits, costs, risks, and problems. It examines in detail the systems currently in place in the developed economies of Europe and the United States and draws from the analyses to support recommendations for restructuring those systems in developing countries. The study reviews the various types of payment practices that exist in mature systems including cash, check, GIRO, debit and credit card, direct debit, and large-value wire transfers. A range of short- and long-term improvements in payment systems are recommended for developing countries. There is a special focus on the Russian payment system and the problems it faces in transition from a centrally planned to an market economy.
Book Synopsis Cost Recovery and Pricing of Payment Services by : B. David Humphrey
Download or read book Cost Recovery and Pricing of Payment Services written by B. David Humphrey and published by . This book was released on 1999 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: October 1997 The cost of providing payment services is substantial- 3 percent of GDP. Cost reduction requires the appropriate pricing of those services. A modern payment system is essential for promoting domestic and international trade and exchange as well as developing financial markets. Payment users will be directed toward the most efficient payment methods when the costs of producing those services are reflected in the prices paid. Resources are being wasted in the United States because consumers see no important difference in transaction prices or bank costs between using a check or using electronic direct debit in paying a bill, even though the social costs of these two instruments are different. Electronic payments cost only a third to half as much as paper-based payments. An estimated $100 billion (or 1.5 percent of GDP) is being lost by the continued use of paper-based checks. When payment instruments are not appropriately priced, the costs must be covered elsewhere. One common solution is to let loan revenues cover part of payment expenses (keeping loan rates higher to compensate). When prices reflect the full cost of producing the service, users demand the services that use the fewest real resources. Humphrey, Keppler, and Montes-Negret give examples of payment prices and price schedules and show how underlying cost data are used to build up to a price. They outline how payment services may best be structured to: * Appropriately reflect economies of scale or scope in the production of payment services. * Adjust cost recovery percentages to accommodate how much demand conditions associated with start-up differ from those associated with mature operation. (During a new system's early years of operation, the transaction volume may be low and some form of underrecovery of costs may be required to encourage use of the system. But any such underrecovery must be built into future pricing arrangements once the systems are established and traffic volumes are at a level where full cost recovery is practical. To ensure fairness, the pricing structure must also guarantee that latecomers to the system do not get more favorable treatment than the initial user group.) * Induce efficient use of scarce resources. They note the economic principles that recommend certain pricing methods over others and apply equally to payment services provided by the private sector or through a government agency. They show why costs should be recovered through user transaction fees. This paper- product of the Financial Sector Development Department- part of a larger effort in the department to promote the development of financial sector infrastructure to support banking and capital market activities.
Book Synopsis You’Re a Business Owner, Not a Dummy! by : Michael Mintz
Download or read book You’Re a Business Owner, Not a Dummy! written by Michael Mintz and published by iUniverse. This book was released on 2012-10-24 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: In order to compete in todays global marketplace, it is essential that businesses large and small accept credit and debit cards from their customers. Credit and debit card usage continues to rise; if you dont want your customer going to one of your competitors, you must accept plastic. You need to establish a merchant account. Plenty of providers offer these processing services, but not all of them will share in your companys vision. In this guide, author Michael Mintz provides advice and information about handling a merchant account. It answers these vital questions: How does the credit and debit card process work? What is interchange, and why do I care about it? Who makes what on each transaction? What are the pricing strategies and additional fees? How do I read my month-end statement? Why should I worry about PCI compliance? What does the Durbin Amendment mean to me? What should I know about American Express? Youre a Business Owner, Not a Dummy provides an insiders look at the sometimes complex system of merchant accounts and provides a wealth of information to help you make the right decision for your business.
Book Synopsis The Scam of the Credit Card Monopoly by : Chuck Faw
Download or read book The Scam of the Credit Card Monopoly written by Chuck Faw and published by Xlibris Corporation. This book was released on 2019-08-29 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is about the scam of the credit and debit card business. It covers the power of Visa and the card processors over the business and the power they have over the merchants. It is basically a whistle blower book to show mainly the merchants what is happening and why they pay so high of fees to accept credit and debit cards.
