DotEcon was commissioned by MasterCard Europe to review a recent ECB study on “Social and Private Costs of Retail Payment Instruments”. The ECB study provides a valuable attempt at collecting data on the usage and costs of different payment systems … Continue reading
finance News
December 2012 : Review of ECB study
July 2011 : Costly cash meta-study
Commissioned by MasterCard Europe, DotEcon reviewed a number of studies into the cost of payment systems, particularly the cost of using cash. This meta-study draws on research undertaken by central banks, academics and other stakeholders over the last decade. The … Continue reading
April 2011 : DotEcon publishes new paper on the strength of merchant constraints on interchange fees
This paper examines the ability of merchants to affect their customers’ choice of payment method. We demonstrate that merchants have a number of ways for steering their customers away from payment methods that are ‘expensive’ for the merchant, and that … Continue reading
March 2011 : DotEcon concludes advisory work for bank on PPI investigation
On 24 March 2011, the Competition Commission (CC) issued its Notice of making an Order (under section 161 of the Enterprise Act) resulting from its Payment Protection Insurance (PPI) market investigation. This UK investigation began in February 2007 following a … Continue reading
December 2009 : Competition Commission PPI Remittal
On 11 December 2009, in line with a Competition Appeal Tribunal Order, the CC issued a consultation document in which it set out its proposed approach to reconsidering a point-of-sale prohibition in the supply of Payment Protection Insurance (PPI) in … Continue reading
January 2009 : Competition Commission publishes report on Payment Protection Insurance
The UK Competition Commission issued this month, its final decision on remedies following its investigation of Payment Protection Insurance (“PPI”) in the UK. PPI is insurance that may be purchased where a customer’s monthly debts (e.g. mortgage, credit card or … Continue reading