IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2018v12i4p304-313.html
   My bibliography  Save this article

The payment system as a public good? Lessons learned in the Netherlands

Author

Listed:
  • Butter, Frank A.G. Den
  • Mallekoote, Piet M.

    (Independent Adviser and Supervisor, The Netherlands)

Abstract

Uniform, standardised payment methods reduce transaction costs considerably, allowing payments to be made more efficiently. This is especially true for purchases and sales on the internet, where payment innovations make it much easier for customers to pay for e-commerce transactions. The role of the government in this is to safeguard the public interest with respect to the payment system. This paper discusses various viewpoints for government intervention from the perspective of public sector economics. More specifically, regulators need to set rules for new players in relation to the revised Payment Services Directive.

Suggested Citation

  • Butter, Frank A.G. Den & Mallekoote, Piet M., 2018. "The payment system as a public good? Lessons learned in the Netherlands," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 12(4), pages 304-313, December.
    • Handle: RePEc:aza:jpss00:y:2018:v:12:i:4:p:304-313
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/4954/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/4954/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    trust; transaction costs; innovation; e-commerce; public interest; market failure;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2018:v:12:i:4:p:304-313. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.