Resource Center

These are some of the resources available for merchants, consumers and journalists who want to learn more about interchange fees.

Economic Studies

House of Cards: The Economics of Interchange Fees
Alan S. Frankel and Allan L. Shampine, Lexecon
August 24, 2005

What does it Cost to Make a Payment?
David Humphrey, Florida State University
Magnus Willesson, University of Gothenburg
Goran Bergendahl, University of Gothenburg
June 2003

Credit Cards and Payment Efficiency
Stan Sienkiewicz
August 2001

Congressional Witness Testimony

Hearing on Credit Card Interchange Rates: Antitrust Concerns
U.S. Senate Committee on the Judiciary
July 19, 2006

• Testimony of Bill Douglass, CEO, Douglass Distributing Company, Sherman, TX
  
  
• Testimony of Kathy Miller, Owner, The Elmore Store, Lake Elmore, VT
  
  
• Testimony of W. Stephen Cannon, President, Constantine Cannon, on behalf of the Merchants Payments Coalition
  
  

Hearing on The Law and Economics of Interchange Fees
Subcommittee on Commerce, Trade and Consumer Protection
Committee on Energy and Commerce
February 15, 2006

• Testimony of Henry Armour, President and CEO, National Association of Convenience Stores
  
  
• Testimony of Edmund Mierzwinski, Consumer Program Director, US Public Interest Research Group
  
  
• Testimony of Timothy J. Muris, George Mason University Foundation Professor of Law
  
  
• Testimony of Karen Kerrigan, President & CEO, Small Business & Entrepreneurship Council
  
  
• Submitted for the Written Record -- Testimony of Tim Hammonds, President and CEO, Food Marketing Institute
  
  
• Submitted for the Written Record -- Statement of the National Grocers Association

Speeches

Tim Hammonds, President and CEO, Food Marketing Institute, Interchange Fees, speech of 24 January 2006

Philip Lowe, Assistant Governor (Financial System), Reserve Bank of Australia, Address to Payments System Conference 2006, Melbourne Business School, March 14, 2006

Philip Lowe, Assistant Governor (Financial System), Reserve Bank of Australia, Opening Statement to House of Representatives Standing Committee on Economics, Finance and Public Administration The Australian Payments System, May 15, 2006

Interchange Regulation in other Countries

European Union Competition Commission’s Interim Report in Payment Cards & Payment Systems. April 2006

Debit and credit card schemes in Australia: A study of interchange fees and access, Australian Competition and Consumer Commission and Reserve Bank of Australia, Sydney, October 2000.

Litigation

Class Plaintiffs First Supplemental Class Action Complaint, July 6, 2006

Merchants Consolidated Amended Class Action Complaint Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, April 24, 2006

Interchange Cost Graphs

Global Interchange Rates

Federal Reserve Reports

KANSAS CITY FEDERAL RESERVE

Interchange Fees in Various Countries: Comments on Weiner and Wright

Competition and Credit and Debit Card Interchange Fees

Competition and Credit and Debit Card Interchange Fees: A Cross-Country Analysis

Public policy and the invisible price: competition law, regulation and the interchange fee

A Puzzle of Card Payment Pricing: Why Are Merchants Still Accepting Card Payments?

Interchange Fees in Various Countries: Development and Determinants

Remarks on Interchange Fees: Central Bank Perspectives and Options


NEW YORK FEDERAL RESERVE

Merchant Card Acceptance

Interchange Fees in Various Countries: Developments and Determinants


PHILADELPHIA FEDERAL RESERVE

Credit Cards and Payment Efficiency


Websites

www.waytoohigh.com

www.paymentsnews.com/interchange_fees