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Paying with plastic :the digital revolution in buying and borrowing

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The definitive account of the trillion-dollar payment card industry.

The payment card business has evolved from its inception in the 1950s as a way to handle payment for expense-account lunches (the Diners Club card) into today's complex, sprawling industry that drives trillions of dollars in transaction volume each year. Paying with Plastic is the definitive source on an industry that has revolutionized the way we borrow and spend. More than a history book, Paying with Plastic delivers an entertaining discussion of the impact of an industry that epitomizes the notion of two-sided markets: those in which two or more customer groups receive value only if all sides are actively engaged. New to this second edition, the two-sided market discussion provides useful insight into the implications of these market dynamics for cardholder rewards, merchant interchange fees, and card acceptance. The authors, both of whom have researched the industry for more than 25 years, also examine the implications of the recent antitrust cases on the industry as well as other business and technological changes—including the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commerce—that could alter the payment card industry dramatically in the years to come.

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Detail Information

Series Title

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Call Number

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Publisher

Cambridge, Mass. : : MIT Press,., 2004.

Collation

1 online resource (xiii, 367 pages) :illustrations

Language

English

ISBN/ISSN

9780262272438

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

2nd ed.

Subject(s)

Electronic Commerce
Credit cards
Bank credit cards
Electronic funds transfers
Consumer credit

Specific Detail Info

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Statement of Responsibility

David S. Evans and Richard Schmalensee.

Other Information

Cataloger

Kholif Basri

Source

https://doi.org/10.7551/mitpress/5281.001.0001

Validator

Kholif Basri

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