Chapter 5 and Financial Statements of Banks

Chapter 5 and Financial Statements of Banks - Chapter 5 and...

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Chapter 5 and Financial Statements of Banks Economides, Nicholas. (2009). Competition Policy Issues In the Consumer Payment Industry. Moving Money: The Future Of Consumer Payment. June Edition. 113-124. ( Many Consumers have heard the cashier ask if this is going to be cash, debit, credit or check. For most the answer is a card, either debit or credit. As the card slides through the machine and the receipt prints out, many consumers would be shocked to find out about the fees associated with the single use of that card. For the issuing the bank, this is just one example of a noninterest expense and these expenses can add up. Currently most banks pay the fees associated with the Visa or Mastercard logo on them, including these fees in the prices of the other various services the bank offers. This article explores the fees associated with various cards both debit and credit and the potential effects of the competition between the issuing and acquiring banks. Many banks issue their consumers debit card that have a Visa or MasterCard logo, and most bank also offer a secured or unsecured credit that also contains one of the aforementioned logos. Currently in the card networks, Visa currently has 42% share of the US credit card market,
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Chapter 5 and Financial Statements of Banks - Chapter 5 and...

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