September 1, 2008 Thomas Jefferson School of Law Study This study argues that banking services benefit customers compared to systems where retailers deny card use. More
May 1, 2008 United States General Accounting Office Report to the Congressional Requestors The GAO reports that federal entities are taking actions to limit their interchange fees, but additional revenue collection cost savings may exist. More
April 28, 2008 Regulatory intervention in the payment card industry by the Reserve Bank of Australia This CRA International report illustrates that, due to interchange regulation, on average, the annual fees paid by consumers increased 22 percent from 2001 to 2004 while annual fees for rewards cards increased by 47-77 percent. More
January 27, 2007 Statement for the Record Before the Committee on Banking, Housing and Urban Affairs This statement outlines how the proposed rate for debit card interchange does not come close to covering all of the costs that a debit card issuer incurs, much less the value the issuer provides in performing the services from which merchants directly benefit. More
January 1, 2007 FMI Research Study: Supermarket Security and Loss Prevention 2007 This FMI Research study reports on 8,893 stores who share their experience with balancing budgets, equipment and personnel to create the best loss prevention strategies. It provides an in-depth look at all forms of loss as well as methods used to prevent theft in the food retailing industry. A special focus area on ORC including expert essays accompanies the report. More
September 1, 2004 AEI-Brookings Joint Center for Regulatory Studies: The Economics of a Cashless Society: An Analysis of the Costs and Benefits of Payment Instruments This study provides an economic approach for assessing the relative costs and benefits of various payment methods. It is the first study to examine empirically the move toward a cashless society using cost-benefit analysis. More
June 1, 2003 What does it Cost to Make a Payment? This study surveyed the limited data that exists concerning the cost of making/receiving a payment by banks, retailers, and other parties to a transaction. Since an electronic payment costs between one-third and one-half that of a paper-based instrument, a country may save 1% of its GDP annually as it shifts from a fully paper-based to a fully electronic-based payment system. Some gains have already been realized. Additional analysis indicates that bank costs of making a payment may have fallen by 45% in Europe as the share of electronic transactions in 12 countries rose from .43 to .79 over 1987-1999 More
February 4, 2025 EPC Statement – Government Credit Card Mandates Hurt Most Vulnerable Populations EPC Read Press Releases / Statements
January 28, 2025 The Facts & Consequences Supporters of Durbin-Marshall Don’t Want You To Know EPC Read Press Releases / Statements