The New Debit Card Regulations: Initial Effects on Networks and Banks
研究了美国新借记卡法规对支付卡行业的影响，包括限制费用和允许商户选择网络，旨在促进竞争和消费者福利。
merican consumers are using debit cards more than ever before, affecting how banks and merchants do business and triggering key changes in the payment card industry. At the same time, the growing fees levied on merchants by the payment card industry for processing debit purchases have stirred controversy. Congress and the Justice Department have intervened in the last two years, seeking to advance consumer welfare by promoting competition within the payment card industry. The new rules cap certain fees and give merchants the freedom to choose among rival card networks. Proponents of these interventions argue they help bring fairness, transparency, and competition to the payment card market. According to this view, a lack of competition among debit card networks had led to unduly high fees for merchants. Part of the burden of the outsized fees ultimately fell on consumers, as merchants passed on the cost by raising prices for their goods and services.