Paying with Plastic, second edition
The Digital Revolution in Buying and Borrowing
By David S. Evans, Richard Schmalensee | Publisher: MIT Press
About the book
The definitive account of the trillion-dollar payment card industry.
The payment card business has evolved from its inception in the 1950s as a way to handle payment for expense-account lunches (the Diners Club card) into today's complex, sprawling industry that drives trillions of dollars in transaction volume each year. Paying with Plastic is the definitive source on an industry that has revolutionized the way we borrow and spend. More than a history book, Paying with Plastic delivers an entertaining discussion of the impact of an industry that epitomizes the notion of two-sided markets: those in which two or more customer groups receive value only if all sides are actively engaged. New to this second edition, the two-sided market discussion provides useful insight into the implications of these market dynamics for cardholder rewards, merchant interchange fees, and card acceptance. The authors, both of whom have researched the industry for more than 25 years, also examine the implications of the recent antitrust cases on the industry as well as other business and technological changes—including the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commerce—that could alter the payment card industry dramatically in the years to come.
Editions of Paying with Plastic, second edition
- Hardcover
- ISBN 9780262050777
- Paperback
- ISBN 9780262550581
- EBook
- ISBN 9780262250528
- EBook
- ISBN 9780262251518
- EBook
- ISBN 9780262272438
Read an Excerpt
The definitive account of the trillion-dollar payment card industry.
The payment card business has evolved from its inception in the 1950s as a way to handle payment for expense-account lunches (the Diners Club card) into today's complex, sprawling industry that drives trillions of dollars in transaction volume each year. Paying with Plastic is the definitive source on an industry that has revolutionized the way we borrow and spend. More than a history book, Paying with Plastic delivers an entertaining discussion of the impact of an industry that epitomizes the notion of two-sided markets: those in which two or more customer groups receive value only if all sides are actively engaged. New to this second edition, the two-sided market discussion provides useful insight into the implications of these market dynamics for cardholder rewards, merchant interchange fees, and card acceptance. The authors, both of whom have researched the industry for more than 25 years, also examine the implications of the recent antitrust cases on the industry as well as other business and technological changes—including the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commerce—that could alter the payment card industry dramatically in the years to come.
Frequently Asked Questions
What is Paying with Plastic, second edition about?
The definitive account of the trillion-dollar payment card industry.
The payment card business has evolved from its inception in the 1950s as a way to handle payment for expense-account lunches (the Diners Club card) into today's complex, sprawling industry that drives trillions of dollars in transaction volume each year. Paying with Plastic is the definitive source on an industry that has revolutionized the way we borrow and spend. More than a history book, Paying with Plastic delivers an entertaining discussion of the impact of an industry that epitomizes the notion of two-sided markets: those in which two or more customer groups receive value only if all sides are actively engaged. New to this second edition, the two-sided market discussion provides useful insight into the implications of these market dynamics for cardholder rewards, merchant interchange fees, and card acceptance. The authors, both of whom have researched the industry for more than 25 years, also examine the implications of the recent antitrust cases on the industry as well as other business and technological changes—including the massive consolidation brought about by bank mergers, the rise of the debit card, and the emergence of e-commerce—that could alter the payment card industry dramatically in the years to come.
What core themes, tropes, or subjects are explored in Paying with Plastic, second edition?
Economics, Finance, Business and Management > Industry and industrial studies > Hospitality and service industries
Where can I read a sample of Paying with Plastic, second edition?
You can read an official preview of the few pages here https://www.book2look.com/book/9780262050777
Who is/are the Author/s of the book Paying with Plastic, second edition?
David S. Evans, Richard Schmalensee
Who is the Publisher of the book Paying with Plastic, second edition?
MIT Press
What are the ISBN numbers for the physical and digital editions?
Paying with Plastic, second edition is available as hardcover(ISBN 9780262050777) and paperback(ISBN 9780262550581) and ebook(ISBN 9780262250528) and ebook(ISBN 9780262251518) and ebook(ISBN 9780262272438)
Where can I buy Paying with Plastic, second edition online or support local independent bookshops?
You can buy Paying with Plastic, second edition from below
Where can I buy Paying with Plastic, second edition?