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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.
Nkiru Uwaje Chief Operating Officer at Mansa
12 September
Dirk Labuschagne Chief Information Security Officer at Direct Transact
Alexander Boehm Chief Executive Officer at PayRate42
Hugo Chamberlain COO at smartKYC
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