Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 08 December 2019

Abstract and Keywords

This article reports the research on electronic payment systems. Debit, credit, and prepaid are three forms of payment card. The rapid growth in the use of electronic payment instruments, especially payment cards, is a striking feature of most modern economies. Payment data indicate that strong scale economies exist for electronic payments. Payment costs can be decreased through consolidation of payment processing operations to realize economies of scale. Competition does not necessarily enhance the balance of prices for two-sided markets. The ability of merchants to charge different prices is a powerful incentive to convince consumers to use a certain payment instrument. The effect of interventions in Australia, Spain, the European Union, and the United States is dealt with. The theoretical literature on payment cards continues to grow. However, there are a few areas of payment economics that deserve greater attention.

Keywords: debit cards, credit cards, prepaid cards, payment economics, payment cards, Australia, Spain, European Union, United States

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.