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Book Cover
E-book
Author Evans, David S. (David Sparks), 1954-

Title Paying with plastic : the digital revolution in buying and borrowing / David S. Evans and Richard Schmalensee
Edition 2nd ed
Published Cambridge, Mass. : MIT Press, ©2005

Copies

Description 1 online resource (xiii, 367 pages) : illustrations
Contents Plastic cards -- The star -- The main characters -- Other members of the cast -- Behind the stage -- The foreign cast -- The thirteen acts -- From seashells to electrons -- The evolution of money -- Buy now, pay later -- More than money -- Dining on the cuff -- 1958 -- The birth of co-opetition -- Regulation and stagflation -- The 1980s' spending and debt spree -- The 1990s and the rise of the debit card -- The golden anniversary and beyond -- From gourmets to the masses -- The growth and diffusion of payment cards among U.S. households -- Using payment cards to execute transactions -- Credit card lending : joys, sorrows, and controversies -- Credit cards and entrepreneurship -- Room for growth -- From Sardi's to Saks.com -- Getting to be everywhere you want to be -- Getting cheaper and better -- Not everywhere yet -- Paying for plastic -- It takes two to tango -- Multisided platform economics 101 -- Business models in multisided platform markets -- Multisided platforms and price setting in payment cards -- Co-opetition and the payment card ecosystem -- The co-opetitives -- Cooperation, the tragedy of the commons, and the role of rules -- The co-opetitives, the go-it-alones, and payment card ecosystems -- System wars -- Weapons of war -- And they don't take American Express -- Master the possibilities -- The card that is just like a check -- Issuer brawls -- Who are the players? -- Product variety and market segmentation -- Competitive strategies -- Market structure -- Market performance -- Debit issuance -- Backroom battles -- The evolution of the payment processing business -- Who's who in the back room -- Market structure and performance -- The antitrust wars -- Harm to competitors or harm to consumers? -- Who's in, who's out? -- Who pays for plastic? -- Square pegs and round holes -- On the brink -- Technologies from the exotic to the merely smart -- E-commerce, e-payments, and m-commerce -- Shaking up the marketplace -- And they don't take cash
Summary Annotation 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 changesincluding the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commercethat could alter the payment card industry dramatically in the years to come
Analysis ECONOMICS/Finance
BUSINESS/Business Technology
Bibliography Includes bibliographical references (pages 321-352) and index
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
Print version record
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
SUBJECT Universidad Sergio Arboleda gnd
Subject Credit cards -- United States
Bank credit cards -- United States
Electronic funds transfers -- United States
Electronic commerce -- United States
Consumer credit -- United States
Digital currency -- United States
Electronic funds transfers.
Digital currency
Bank credit cards
Consumer credit
Credit cards
Electronic commerce
Electronic funds transfers
Bargeldloser Zahlungsverkehr
Elektronischer Zahlungsverkehr
Kartengesteuertes Zahlungssystem
Kreditkarte
Elektronisch betalingsverkeer.
Credit cards.
United States
USA
Form Electronic book
Author Schmalensee, Richard.
ISBN 9780262272438
0262272431
9780262550581
026255058X
9780262050777
0262050773