Credit Cards and Payment Efficiency

  title={Credit Cards and Payment Efficiency},
  author={Stanley J. Sienkiewicz},
  journal={Household Finance eJournal},
On May 22, 2001, the Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop on the role of interchange fees in the credit card industry. The workshop discussion, led by Dr. David Humphrey of Florida State University, explored the framework behind interchange fees. It then focused on several open questions that have arisen within both the academic research and international regulatory communities about interchange's impact on payment system efficiency. The paper… Expand
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