| 1. |
- Humphrey, David, 2000-, et al.
(författare)
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Benefits from a changing payment technology in European Banking
- 2006
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Ingår i: Journal of Banking and Finance. ; 30:6, s. 1631-1652
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Tidskriftsartikel (refereegranskat)abstract
- An “output characteristics” cost function is used to identify payment sources of technical change in European banking and estimate associated benefits. As the share of electronic payments in 12 European countries rose from 0.43 in 1987 to 0.79 in 1999 and ATMs expanded while the number of branch offices was constant, bank operating costs are $32 billion lower than they otherwise might have been, saving 0.38% of the 12 nations’ GDP. Policies facilitating these changes (antitrust exemptions to weakly coordinate implementation of payment service pricing) would permit benefits to be more fully realized.
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| 2. |
- Humphrey, David, 2000-, et al.
(författare)
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What does it cost to make a payment?
- 2003
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Ingår i: Review of Network Economics. ; 2:2, s. 159-174
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Tidskriftsartikel (refereegranskat)abstract
- We survey 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 onehalf 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.
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