This paper presents models that explain why merchants accept payment cards even when the fees they face exceed the transactional benefits they receive from a card transaction. Such merchant behaviors can be explained by competition among merchants and/or the effectiveness of the merchant’s card acceptance in shifting cardholders’ demand for goods upward. The prevalent assumption used in payment...

Example Consider a banking institution, where customers have accounts of different types, e.g., checking, savings, loan, mortgage, etc. Customers use these accounts to handle their financial transactions, e.g., they sign checks for payments, they deposit money in their accounts, etc. Customers receive bank cards to facilitate their transactions. For the convenience of their customers, the bank ...

Background: India, being one among the fastest growing economies in World, yet there exists an enormous gap having access to formal credit when compared advanced countries. Banks and financial institutions are continuously striving fill this with aid of introducing new payment merchandise units that would make accessibility less difficult. Historically, was only restricted products like home, c...

We study the effect of government encouraged or mandated interchange fee ceilings on consumer and merchant adoption and usage of payment cards in an economy where card acceptance is far from complete. If the pre-regulatory interchange fee was optimal, any change in the interchange fee would result in lower aggregate welfare for consumers, merchants, and banks. Merchant acceptance of debit and c...

We live in a world which is increasingly electronic, particularly in terms of the global economy. However, the development of information and communication technology is also affecting personal finances. Far more people than ever before now have bank accounts, use cheque cards, credit cards, debit cards and ‘smart’ cards, and pay their bills by direct debit or standing order. Their accounts are...

Fraud victims are often refused a refund by their bank on the grounds that they failed to comply with their bank’s terms and conditions about PIN safety. We, therefore, conducted a survey of how many PINs people have, and how they manage them. We found that while only a third of PINs are ever changed, almost half of bank customers write at least one PIN down. We also found bank conditions that ...

Credit card is a small plastic card issued by a bank, building society, etc., allowing the holder to purchase goods or services on credit. Debit card is a card allowing the holder to transfer money electronically from their bank account when making a purchase. The use of credit cards and debit cards are increasing day by day. People are relying more on both cards nowadays than in the previous d...

This article describes the general concept and forensic analysis of crime fraud associated with use bank cards. It contains elements description cards, subject crime, methods committing a traces personal information offender, circumstances crime. At same time, process working digital footprints in investigation card fraud, problems that arise national legislation law enforcement practices, have...