Credit and debit cards have become a prominent form of payment throughout the world. The interchange fees associated with these payment instruments have, in some instances, seen considerable change in recent years. In some countries, interchange fees have experienced sharp movements following a period of relative stability. In other countries, they have remained relatively steady, but significa...

The payment industry has been characterized by a small number of players that operate the schemes for the facilitation of credit and debit card payments. Over the years, various initiatives have been taken in order to increase competition and hence cost efficiency within the industry. One of the latest efforts is the introduction of Payment Service Directive II (PSDII) within the European Union...

Payment card associations offer both debit and credit cards and, until recently, engaged in a tie-in on the merchant side through the so-called honor-all-cards (HAC) rule. The HAC rule came under attack on the grounds that the credit and debit card markets are separate markets and that the associations lever their market power in the “credit card market” to exclude on-line debit cards and there...

Does the way that individuals pay for a good or service influence the amount of connection they feel after the purchase has occurred? Employing a multi-method approach across four studies, individuals who pay using a relatively more painful form of payment (e.g., cash or check) increase their post-transaction connection to the product they purchased and/or the organization their purchase suppor...

Due to emerging technological developments, major enhancements are taking place in the area of a secure and quick transaction. BioPay being payment method is one-step ahead. In proposed methodology, there no involvement any credit or debit card other account information like OTP CVV; it solely depends upon some unique identifying characteristic human known as biometrics. This work proposes nove...

Complex purchase protocols allow several participants (merchants and clients) to be involved within a single purchase transaction. Moreover, they provide the possibility to merge different heterogeneous payments into one atomic transaction. Although such complex purchases are urgently required, they are, so far, neither provided by existing protocols nor by available products or research protot...

Can the way that individuals pay for a good or service influence the amount of connection they feel after the purchase has occurred? Across three studies employing a multimethod approach, we find that individuals who pay using a relatively more painful form of payment (e.g., cash or check) increase their post-transaction connection in comparison to those who pay by less painful forms of payment...

This letter is on behalf of a number of institutions that participate in the debit card industry in this country. We have been working together to address the debit interchange implementation challenges surrounding the recent Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act") amendments to the Electronic Fund Transfer Act ("EFT A"). As you know, section 920 of the EFT A, as a...

We add an extension called debit arcs to traditional place/transition nets. A debit arc incident upon a transition represents an always true precondition; when the transition res, a token is subtracted from the place issuing the debit arc, regardless of whether there are any tokens present there. Properties of this net extension are considered.