New architecture and risks in payment card operations
نویسندگان
چکیده
منابع مشابه
Optimal card payment systems
This paper presents a model of a card payment system to address the pricing and rules that govern such systems. It evaluates the social optimality of privately set interchange fees and the adoption of a rule by payment systems to prevent merchants surcharging for card transactions using two extremes of merchant pricing—monopolistic pricing and perfect competition. Both types of merchant pricing...
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Current payment methods, that are based on cash and magnetic strip cards, are either expensive to use, or they do not offer enough security for payments. Smart card based payment systems offer several benefits over currently used cash and magnetic strip cards. Building and delivering smart card based payments systems is not an easy task. It includes several risks and some of them are addressed ...
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We consider the implications of platform price discrimination in the context of card platforms. Despite the platform’s ability to price discriminate, we show it will set fees for card usage that are too low, resulting in excessive usage of cards. We show this bias remains even if card fees (or rewards) can be conditioned on each type of retailer that the cardholder transact with. We use our mod...
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ژورنال
عنوان ژورنال: Bezbednost, Beograd
سال: 2020
ISSN: 0409-2953
DOI: 10.5937/bezbednost2001121c