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Overview:

The Payment Cards Center of the Federal Reserve Bank of Philadelphia sponsored a workshop to discuss the merchant-acquiring side of the payment cards industry. The presenter of the workshop described the often overlooked acquiring industry as a dynamic growth business that is an integral part of the payment cards industry. He outlined several factors that have affected the evolution of the industry and described the current state of industry dynamics in terms of growth, competition, and business economics. In addition, the presenter discussed two recent developments: the emergence of data security standards and the new public structure of payment networks, which have drawn the focus of lawmakers, policymakers, and consumers to the merchant-acquiring business.

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Format:PDFSize:266 KB
Date:Oct 2007
Pages:29

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