Cardless cash Biometric ATM System enables cash withdrawal at an ATM without using the existing magnetic swipe cards which makes it possible to quickly authorize a person to withdraw money. Biometric Automatic Teller Machine (BioATMs) seems to be an effective way of preventing card usage and is also a channel to expand our reach to rural and illiterate masses. These BioATMs can talk to the peop...

Background: The objective of this paper is threefold. First, we test the most important factors that determine the level of non-interest income for Tunisian banks. Second, we study the impact of non-interest income on banks’ profitability measured by both return on assets (ROA) and return on equity (ROE). Finally, we investigate the relationship between non-interest income and the level of risk...

How far can shoe-leather go in explaining the welfare cost of inflation? Using a unique set of microeconomic data on households, we estimate the parameters of the demand for money derived from a generalized Baumol-Tobin model. Our data set contains information on average holdings of cash, on deposits and other interest bearing accounts, on the number of trips to the bank, on the size of withdra...

Existing magnetic cards adopt plain text to store confidential information, thus being vulnerable to an untrusted credit card reader or a skimming device. To tackle the problem, researchers have proposed many solutions such as integrated circuit card (IC card) and mobile wallets applications [6, 9, 12, 20, 21]; however, none of them can support existing magnetic card readers thereby facing sign...

This paper examines how competition among payment card networks—three-party scheme networks and four-party scheme networks—affects pricing as well as the welfare of various parties. A competing network has an incentive to provide rewards to its card users. By providing more generous rewards than its rival networks, the network can increase its own card transactions because multihoming cardholde...

Magic: The Gathering (MTG, or Magic) is the oldest and most popular trading card game played today, due in part to the complex interplay of thousands of cards. In two-player games, each player constructs a "main" deck (referred to as simply 'deck' hereafter) which consists of 60 cards, allowing players to pursue an enormous number of strategies and card combinations. When experienced Magic play...

T he interchange fees associated with debit and credit cards have long been a controversial issue in the retail payments system. These fees are paid by a merchant to the cardholder’s bank (the so-called issuer) through the merchant-acquiring bank (the so-called acquirer) when credit or debit card payments are processed. Merchants have criticized that card networks (such as Visa and MasterCard) ...

Purpose – Many banks consider mobile-based technologies have improved the banking services through introduction of new banking facilities. One of the latest facilities developed in this area is the “mobile credit card.” The purpose of this study is to examine the factors that determine intention to use mobile credit card among Malaysia bank customers, as their new way in conducting payment tran...

Significant attention worldwide has been paid to the regulation of credit card interchange fees. In part, this attention has followed concerns expressed about the level of these fees in Europe, the U.S. and Australia. The Reserve Bank of Australia recently conducted an extensive inquiry into the interchange fees associated with credit cards and has moved to regulate those fees. At the same time...