Competition in bank-provided payment services

Wilko Bolt () and David Humphrey

No 1539, Working Paper Series from European Central Bank

Abstract: Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system, it is important to maintain competition among payment service providers but data available to gauge the degree of competition are quite limited. We propose and implement a frontierbased method to assess relative competition in bank-provided payment services. Billion dollar banks account for around ninety percent of assets in the US and those with around to billion in assets turn out to be both the most and the least competitive in payment services, not the very largest banks. JEL Classification: G21, L80, L00

Keywords: banks; competition; frontier analysis; payments (search for similar items in EconPapers)
Date: 2013-04
New Economics Papers: this item is included in nep-ban, nep-com and nep-eff
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Working Paper: Competition in bank-provided payment services (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20131539

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