Digital payments system and market disruption

Regulating Iranian Card payments System as a two sided market

This paper examines the necessity of regulating the Iranian card payments system (SHAPARAK) based on the theory of two-sided markets. The expansion of the payment card system in recent years has arisen some questions regarding the role of all kinds of costs and expenses such as interchange fees, cardholder fees, merchant fees, and network externality in balancing the market. Since there is only...

Faster Payments: Market Structure and Policy Considerations

Cheques and the Payments System

Cash and cheques were virtually the only means of payment available to most Australians until Bankcard credit cards were introduced a little over 20 years ago. Only in the past decade or so has there been a credible and concerted challenge to the dominant role of cheques for non-cash payments. Today we are seeing the emergence of many alternative payment arrangements; at the same time, banks an...

SHOPS: Towards a Secure System for Identity Management and Payments in the New Electrical Market

By the year 2010, the liberalization of Europe's utilities industry has created a dynamic market of production, distribution and reselling organizations where quality of service, personalization and smart marketing, as well as an attentive attitude towards ecology and preservation of resources play a major role. Advancement in information technology in domains such as remote monitoring, communi...

P Competition and Innovation in the Consumer e - Payments Market ?

for helpful comments. Special thanks to Ed Green for discussions on the market contestability and models of innovation portions of this paper and to Patricia Rozaklis for research support as an intern. The views presented in this paper are those of the authors' alone and do not necessarily represent those of the Federal Reserve Bank of Chicago or the Federal Reserve System. Public Policy Studie...