Multilateral interchange fees in Serbia and their impact on card payment systems development
The establishment of policies and incentives for the issuance and card acceptance worldwide is the necessary basis for the development of card based payment instruments. Multilateral interchange fees (MIF) played a major role in creating the appropriate sets of incentives for acceptance and issuance...
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Economics institute, Belgrade
2012-01-01
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Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2012/0350-03731203033O.pdf |
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doaj-84d8d0ea414d492e9076231ebba834dc2021-03-23T14:33:22ZengEconomics institute, BelgradeIndustrija0350-03732334-85262012-01-0140333550350-03731203033OMultilateral interchange fees in Serbia and their impact on card payment systems developmentObradović Slobodan0Tešić Dejan1Mathematical Institute SANU, Belgrade, SerbiaAIK Banka, Beograd, SerbiaThe establishment of policies and incentives for the issuance and card acceptance worldwide is the necessary basis for the development of card based payment instruments. Multilateral interchange fees (MIF) played a major role in creating the appropriate sets of incentives for acceptance and issuance while balancing the interests of market participants. The goal of this paper is to present the developments in the area of MIF regulation across the European Member States, as well as in Serbian payment cards market, and to suggest the way forward towards possible Serbian payment systems participation in the Single European Payment Area (SEPA) in the future.https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2012/0350-03731203033O.pdfpayment cardsinternational card schemes (ics)multilateral interchange fees (mif)single european payment area (sepa) |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Obradović Slobodan Tešić Dejan |
spellingShingle |
Obradović Slobodan Tešić Dejan Multilateral interchange fees in Serbia and their impact on card payment systems development Industrija payment cards international card schemes (ics) multilateral interchange fees (mif) single european payment area (sepa) |
author_facet |
Obradović Slobodan Tešić Dejan |
author_sort |
Obradović Slobodan |
title |
Multilateral interchange fees in Serbia and their impact on card payment systems development |
title_short |
Multilateral interchange fees in Serbia and their impact on card payment systems development |
title_full |
Multilateral interchange fees in Serbia and their impact on card payment systems development |
title_fullStr |
Multilateral interchange fees in Serbia and their impact on card payment systems development |
title_full_unstemmed |
Multilateral interchange fees in Serbia and their impact on card payment systems development |
title_sort |
multilateral interchange fees in serbia and their impact on card payment systems development |
publisher |
Economics institute, Belgrade |
series |
Industrija |
issn |
0350-0373 2334-8526 |
publishDate |
2012-01-01 |
description |
The establishment of policies and incentives for the issuance and card acceptance worldwide is the necessary basis for the development of card based payment instruments. Multilateral interchange fees (MIF) played a major role in creating the appropriate sets of incentives for acceptance and issuance while balancing the interests of market participants. The goal of this paper is to present the developments in the area of MIF regulation across the European Member States, as well as in Serbian payment cards market, and to suggest the way forward towards possible Serbian payment systems participation in the Single European Payment Area (SEPA) in the future. |
topic |
payment cards international card schemes (ics) multilateral interchange fees (mif) single european payment area (sepa) |
url |
https://scindeks-clanci.ceon.rs/data/pdf/0350-0373/2012/0350-03731203033O.pdf |
work_keys_str_mv |
AT obradovicslobodan multilateralinterchangefeesinserbiaandtheirimpactoncardpaymentsystemsdevelopment AT tesicdejan multilateralinterchangefeesinserbiaandtheirimpactoncardpaymentsystemsdevelopment |
_version_ |
1724205883173371904 |