PAYMENT SYSTEM COMPETITIVENESS

Frantisek Bartes and Jitka Studenikova
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Frantisek Bartes: Brno University of Technology
Jitka Studenikova: Brno University of Technology

Equilibrium. Quarterly Journal of Economics and Economic Policy, 2010, vol. 5, issue 2, 93-101

Abstract: Competitiveness is one of the key conditions of a functional market system. With the passage of time, people changed their understanding of economic systems, and switched from barter to paper money. In the contemporary world, when IT becomes a big part of common life, the electronic money, e-purses, pay pall and other payment systems are used more commonly and have become more important. The payment systems differ one from each other and we can talk about payment instruments market. But what if this market does not work well? The aim of this article is to determine the rules and conditions on the market of payment instruments. The author attempts to recognize the problems on the demand and supply sides. The focus here is on the system of credit cards and direct debit system together with the latest theory of the Tourist Test. The Interchange Fee plays the key role.

Keywords: interchange fee; Tourist Test; cards payment; Direct debit system; information asymmetry (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pes:ierequ:v:5:y:2010:i:2:p:93-101

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