A guide to the ATM and debit card industry - 2006 update
It has been three years since we published A Guide to the ATM and Debit Card Industry. Those three years represent a very dynamic time in the industry with a number of important developments. Some trends and patterns have persisted or accelerated, while others have peaked or reversed. Still others have emerged for the first time. The purpose of this 2006 Update is to document these trends and patterns by updating the data we presented in the original book and to discuss their implications for the current and future state of the industry. ; The most important development is that the two segments of the industry, ATM and debit, are in some sense going in opposite directions. The ATM industry has matured and is relatively stagnant, with major players jockeying for position, searching for and adopting different business strategies, and adjusting to the maturation of the industry. The debit card industry, in contrast, is expanding rapidly, with new players, new partnerships, new products, and new markets. The challenge in the debit card industry is not how to cope with a maturing industry but, rather, how to preserve and enhance position and not be left behind. ; In the first part of this Update, we highlight and discuss some of the most important changes in the ATM and debit card industry. For both the ATM and debit sides of the industry, we recap and analyze changes in activity levels, industry structure, and industry pricing. We then offer some thoughts on what might lie ahead, including a discussion of fraud and data security. In the second part of this Update, we present updated versions of the 23 charts and 11 tables from the original book, adding the three or four years of additional data that have since become available.
|This book is provided by Federal Reserve Bank of Kansas City in its series Monograph with number 2006agttaadci2 and published in 2006.|
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- Knittel, Christopher R. & Stango, Victor, 2005.
"Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs,"
Department of Economics, Working Paper Series
qt3d42z9rh, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Knittel Christopher R. & Stango Victor, 2008. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 8(1), pages 1-42, January.
- Christopher R. Knittel & Victor Stango, 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," NBER Working Papers 10962, National Bureau of Economic Research, Inc.
- Knittel, Christopher R., 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Santa Cruz Department of Economics, Working Paper Series qt4z54r2s3, Department of Economics, UC Santa Cruz.
- Christopher R. Knittel & Victor Stango, 2004. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Working Papers 04-06, NET Institute, revised Oct 2004.
- Christopher Knittel & Victor Stango, 2005. "Incompatibility, Product Attributes and Consumer Welfare: Evidence from ATMs," Working Papers 532, University of California, Davis, Department of Economics.
- Wilko Bolt & David Humphrey & Roland Uittenbogaard, 2005.
"The effect of transaction pricing on the adoption of electronic payments: a cross-country comparison,"
05-28, Federal Reserve Bank of Philadelphia.
- Wilko Bolt & David Humphrey & Roland Uittenbogaard, 2005. "The Effect of Transaction Pricing on the Adoption of Electronic Payments: A Cross-Country Comparison," DNB Working Papers 071, Netherlands Central Bank, Research Department.
- Kogut, Bruce, 1989. "The Stability of Joint Ventures: Reciprocity and Competitive Rivalry," Journal of Industrial Economics, Wiley Blackwell, vol. 38(2), pages 183-98, December.
- Timothy H. Hannan & Elizabeth K. Kiser & Robin A. Prager & James J. McAndrews, 2001.
"To surcharge or not to surcharge: an empirical investigation of ATM pricing,"
Finance and Economics Discussion Series
2001-38, Board of Governors of the Federal Reserve System (U.S.).
- Timothy H. Hannan & Elizabeth K. Kiser & Robin A. Prager & James J. McAndrews, 2003. "To Surcharge or Not to Surcharge: An Empirical Investigation of ATM Pricing," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 990-1002, November.
- Oliver E. Williamson, 2002. "The Theory of the Firm as Governance Structure: From Choice to Contract," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 171-195, Summer.
- Oxley, Joanne E, 1997. "Appropriability Hazards and Governance in Strategic Alliances: A Transaction Cost Approach," Journal of Law, Economics and Organization, Oxford University Press, vol. 13(2), pages 387-409, October.
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