The Merchant-Acquiring Side of the Payment Card Industry: Structure, Operations, and Challenges

29 Pages Posted: 28 Nov 2007

See all articles by Ann Kjos

Ann Kjos

Federal Reserve Bank of Philadelphia

Date Written: October 2007

Abstract

On January 19, 2007, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop led by Marc Abbey, managing partner at First Annapolis Consulting, to discuss the merchant-acquiring side of the payment cards industry. Abbey described the often overlooked acquiring industry as a dynamic growth business that is an integral part of the payment cards industry. He outlined several factors that have affected the evolution of the industry and described the current state of industry dynamics in terms of growth, competition, and business economics.

Suggested Citation

Kjos, Ann, The Merchant-Acquiring Side of the Payment Card Industry: Structure, Operations, and Challenges (October 2007). Federal Reserve Bank of Phila Payment Cards Center Discussion Paper No. 07-12, Available at SSRN: https://ssrn.com/abstract=1031519 or http://dx.doi.org/10.2139/ssrn.1031519

Ann Kjos (Contact Author)

Federal Reserve Bank of Philadelphia ( email )

Ten Independence Mall
Philadelphia, PA 19106-1574
United States

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