Download or read book To Surcharge or Not to Surcharge written by Timothy H. Hannan and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates depository institutions' decisions whether or not to impose surcharges (direct usage fees) on non-depositors who use their ATMs. In addition to documenting patterns of surcharging, we examine motives for surcharging, including both direct generation of fee revenue and the potential to attract deposit customers who wish to avoid incurring surcharges at an institution's ATMs. Consistent with expectations, we find that the probability of surcharging increases with both the institution's share of market ATMs and the time since surcharging was first allowed in the state, and decreases with the local ATM density. Further, we find evidence consistent with the use of surcharges to attract deposit customers who are new to the local banking market, but find no evidence that larger banks use surcharges as a means to attract existing customers away from smaller local competitors.
Download or read book To Surcharge Or Not to Surcharge written by and published by . This book was released on 2001 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Surcharge Or Not to Surcharge A Two Sided Market Perspective of the No Surcharge Rule written by Nicholas Economides and published by . This book was released on 2014 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Electronic Payment Networks (EPNs) the No-Surcharge Rule (NSR) requires that merchants charge the same final good price regardless of the means of payment chosen by the customer. In this paper, we analyze a three-party model (consumers, merchants, and proprietary EPNs) to assess the impact of a NSR on the electronic payments system, in particular, on competition among EPNs, network pricing to merchants and consumers, EPNs' profits, and social welfare. We show that imposing a NSR has a number of effects. First, it softens competition among EPNs and rebalances the fee structure in favor of cardholders and to the detriment of merchants. Second, we show that the NSR is a profitable strategy for EPNs if and only if the network effect from merchants to cardholders is sufficiently weak. Third, the NSR is socially (un)desirable if the network externalities from merchants to cardholders are sufficiently weak (strong) and the merchants' market power in the goods market is sufficiently high (low). Our policy advice is that regulators should decide on whether the NSR is appropriate on a market-by-market basis instead of imposing a uniform regulation for all markets.
Download or read book To Surcharge Or Not to Surcharge written by Timothy H. Hannan and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Automated Teller Machines written by Susan S. Westin and published by . This book was released on 1998 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New York written by Navin Vett and published by Independently Published. This book was released on 2024-02-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York's historic Credit Card Surcharge Law has upended the financial landscape, leaving both corporations and consumers perplexed. Is it a revolutionary win for justice or a perplexing legal quagmire? This funny and instructive book cuts through the legalese and gets to the heart of the problem. Inside, you can find: For the wise shopper: Decode the jargon. Forget interchange fees and network assessments; instead, comprehend the legislation in plain English. Spot the surcharge sharks: Learn how to spot businesses that break the regulations. Cash or credit? Make informed decisions, avoid hidden fees, and optimize your savings. For company owners: Compliance made easy: Understand your alternatives and avoid expensive penalties. Navigate the gray area: Get simple answers to questions about gift cards, online transactions, and more. Keep your customers satisfied: Learn how to discuss surcharges successfully while maintaining loyalty. Future-proof your business. Stay on top of legal problems and developing interpretations. Get your copy now and say goodbye to credit card confusion, New York style! Remember, information is power, and in this financial jungle, you'll need a machete. Disclaimer: This book is intended for informational purposes only and does not provide legal advice. If you have any specific questions, consult a professional.
Download or read book Automated teller machines survey results indicate banks surcharge fees have increased report to the Chairman Committee on Banking Housing and Urban Affairs U S Senate written by and published by DIANE Publishing. This book was released on with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book To Surcharge Or Not to Surcharge written by Nicholas Economides and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fees and Surcharging in Automatic Teller Machine Networks written by Elizabeth W. Croft and published by . This book was released on 2010 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a spacial model of ATM networks to explore the implications for banks and non-banks of interchange fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises the price (foreign fee plus surcharge) paid by customers above the joint profit-maximizing level achieved by setting the interchange fee at marginal cost and not surcharging. Similar size banks would agree not to surcharge, but such an agreement is typically not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM fees.
Download or read book Fees and Surcharging in Automatic Teller Machine Networks written by Elizabeth W. Croft and published by . This book was released on 2003 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a spacial model of ATM networks to explore the implications for banks and non-banks of interchange fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises the price (foreign fee plus surcharge) paid by customers above the joint profit-maximizing level achieved by setting the interchange fee at marginal cost and not surcharging. Similar size banks would agree not to surcharge, but such an agreement is typically not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM fees
Download or read book Commercial Bank Management written by Peter S. Rose and published by Irwin/McGraw-Hill. This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking is an essential industry, and one with many regulations as well as frequent, important changes. This work is designed to help students understand the field of banking from the perspective of both a bank customer as well as a bank manager. It provides a description of the banking industry.
Download or read book Business and Commerce Code written by Texas and published by . This book was released on 2009 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Credit Card Surcharge Ban written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Consumer Affairs and Coinage and published by . This book was released on 1984 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Who Gains and Who Loses from Credit Card Payments written by Scott Schuh and published by DIANE Publishing. This book was released on 2010-11 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt: Merchant fees and reward programs generate an implicit monetary transfer to credit card users from non-card (or ¿cash¿) users because merchants generally do not set differential prices for card users to recoup the costs of fees and rewards. On average, each cash-using household pays $151 to card-using households and each card-using household receives $1,482 from cash users every year. The payment instrument transfer also induces a regressive transfer from low-income to high-income households in general. The authors build and calibrate a model of consumer payment choice to compute the effects of merchant fees and card rewards on consumer welfare. Reducing merchant fees and card rewards would likely increase consumer welfare.
Download or read book Land of the Fee written by Devin Fergus and published by Oxford University Press. This book was released on 2018-06-08 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The loans ordinary Americans take out to purchase homes and attend college often leave them in a sea of debt. As Devin Fergus explains in Land of the Fee, a not-insignificant portion of that debt comes in the form of predatory hidden fees attached to everyday transactions. Beginning in the 1980s, lobbyists for the financial industry helped dismantle consumer protections, resulting in surreptitious fees-often waived for those who can afford them but not for those who can't. Bluntly put, these hidden fees unfairly keep millions of Americans from their hard-earned money. Journalists and policymakers have identified the primary causes of increasing wealth inequality-fewer good working class jobs, a rise in finance-driven speculative capitalism, and a surge of tax policy decisions that benefit the ultra-rich, among others. However, they miss one commonplace but substantial contributor to the widening divide between the rich and the rest: the explosion of fees on every transaction people make in their daily lives. Land of the Fee traces the system of fees from its origins in the deregulatory wave of the late 1970s to the present. The average consumer now pays a dizzying array of charges for mortgage contracts, banking transactions, auto insurance rates, college payments, and payday loans. These fees are buried in the pages of small-print agreements that few consumers read or understand. Because these fees do not fall under usury laws, they have redistributed wealth to large corporations and their largest shareholders. By exposing this predatory and nearly invisible system of fees, Land of the Fee reshapes our understanding of wealth inequality in America.
Download or read book The Expanding ATM Market and Increased Surcharge Fees written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 1998 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Technical Information Release written by United States. Internal Revenue Service and published by . This book was released on 1975 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:
