Abstract

http://ssrn.com/abstract=904183
 
 

Citations (2)



 
 

Footnotes (25)



 
 

Comments (1)

Last comment: July 16, 2010

 


 



The Merchant-Bank Struggle for Control of Payment Systems


Adam J. Levitin


Georgetown University Law Center


Journal of Financial Transformation, Vol. 17, pp. 73-84, 2006

Abstract:     
Merchants and banks are currently engaged in a wide-ranging struggle for control over payment systems. The conflict is playing itself out in business practices, in banking regulation, in corporate governance, in corporate restructuring, in securities offerings, and in the biggest antitrust litigation since AT&T. Yet, it is possible that the extraordinary energy being spent in this fight is for naught, as the growth of national bank brands, technological developments, and innovative business models are likely to result in a radical reshaping of the payments world. This article reviews the factors behind the struggle between merchants and banks and the strategies adopted by each, and questions what impact changes in the payment card industry's structure and the emergence of new payments technologies and business models will have on the merchant-bank contest.

Number of Pages in PDF File: 12

Keywords: interchange, credit card, debit card, payment systems, antitrust, Visa, MasterCard, IPO, PayPal, merchant, bank, network, no-surcharge rule, honor all cards, Wal-Mart, Industrial Loan Corporations, ILC, PLCC, Private Label, Co-Brand

JEL Classification: E44, G20, G21, G34, K21, K22, K23, L1, L4

Accepted Paper Series





Download This Paper

Date posted: May 25, 2006  

Suggested Citation

Levitin, Adam J., The Merchant-Bank Struggle for Control of Payment Systems. Journal of Financial Transformation, Vol. 17, pp. 73-84, 2006. Available at SSRN: http://ssrn.com/abstract=904183

Contact Information

Adam J. Levitin (Contact Author)
Georgetown University Law Center ( email )
600 New Jersey Avenue, NW
Washington, DC 20001
United States
Feedback to SSRN


Paper statistics
Abstract Views: 5,241
Downloads: 1,075
Download Rank: 10,337
Citations:  2
Footnotes:  25

© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.  FAQ   Terms of Use   Privacy Policy   Copyright   Contact Us
This page was processed by apollo2 in 0.266 seconds