Abstract

http://ssrn.com/abstract=2262909
 


 



Competition in Bank-Provided Payment Services


Wilko Bolt


De Nederlandsche Bank (Dutch Central Bank)

David B. Humphrey


Florida State University - Department of Finance

May 4, 2013

FRB of Philadelphia Working Paper No. 13-17

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 frontier- based method to assess relative competition in bank-provided payment services. Billion dollar banks account for around 90 percent of assets in the U.S., and those with around $4 to $7 billion in assets turn out to be both the most and the least competitive in payment services, not the very largest banks.

Number of Pages in PDF File: 28

Keywords: Payments, competition, banks, frontier analysis

JEL Classification: G21, L80, L00

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Date posted: May 11, 2013  

Suggested Citation

Bolt, Wilko and Humphrey, David B., Competition in Bank-Provided Payment Services (May 4, 2013). FRB of Philadelphia Working Paper No. 13-17. Available at SSRN: http://ssrn.com/abstract=2262909 or http://dx.doi.org/10.2139/ssrn.2262909

Contact Information

Wilko Bolt (Contact Author)
De Nederlandsche Bank (Dutch Central Bank) ( email )
P.O. Box 98
1000 AB Amsterdam
Netherlands

David B. Humphrey
Florida State University - Department of Finance ( email )
Tallahassee, FL 32306-1042
United States
850-644-7899 (Phone)
850-668-6696 (Fax)
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