Surcharging and Honor-All-Cards
Disclaimer: These views are my own and not those of the Federal Reserve Bank of Chicago or the Federal Reserve System. Much of this discussion is taken from my paper titled “Externalities in Payment Card Networks: Theory and Evidence” presented at the Federal Reserve Bank of Kansas City’s 2009 Retail Payments Conference. Generally, merchants charge ... Surcharging and Honor-All-Cards
The Economics of Payment Cards: Six Lessons from the Literature
Sujit ‘Bob’ Chakravorti is a senior economist in the financial markets group at the Federal Reserve Bank of Chicago. Disclaimer: These views are my own and not those of the Federal Reserve Bank of Chicago or the Federal Reserve System. Much of this discussion is taken from my paper titled “Externalities in Payment Card Networks: ... The Economics of Payment Cards: Six Lessons from the Literature
