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Regulating interchange fees would eliminate a powerful incentive for payment schemes to create innovative products and services which benefit merchants. Payment schemes should be able to compete with each other to make their products more useful and valuable to merchants, their incentive being the ability to generate higher interchange and, in consequence, the ability to attract banks keen on receiving more interchange.
See the full blog post at:
http://aneace.blogspot.com/2007/10/why-unregulated-interchange-model-is.html
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Vitaliy Shtyrkin Chief Product Officer at B2BINPAY
07 August
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Viacheslav Kostin CEO at WislaCode Solutions
Casey Larsen Digital Assets Practice - Business Development at Rosa & Roubini Associates
04 August
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