a very important business in the eu 508 million people 760 million cards 43.6 billion transactions...
DESCRIPTION
When this case started… Page 3 © Berwin Leighton PaisnerTRANSCRIPT
A very important business in the EU…
508 millionPeople
760 millionCards
43.6 billionTransactions
2.2 trillionEuros
Source: European Central Bank Press Release: Payment Statistics for 2013 (9 September 2014)
I like cards…all of them.
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When this case started…
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Interchange Fees: Four-Party Scheme
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Issuing Bank Acquiring Bank
Cardholder / Customer Retailer
Card Payment
CardBalance
Payment
Product Price
LESS
Merchant Service Charge(Interchange Fee + Acquiring Bank Fee)
Product Price LESS Interchange Fee
Scheme Provider(e.g. MasterCard / Visa)
Scheme Fee
Scheme Fee
Transaction Flow Diagram: Four-Party Scheme
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