Paying with Plastic: The Digital Revolution in Buying and Borrowing

Front Cover
MIT Press, 2005 - Business & Economics - 367 pages
2 Reviews

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 people are saying - Write a review

User Review - Flag as inappropriate

This is the single best book I've found about the payment card industry.

Review: Paying with Plastic: The Digital Revolution in Buying and Borrowing

User Review  - John Huffman - Goodreads

Very thorough overview of the payment industry although getting a bit dated. Read full review

Contents

III
1
IV
8
V
12
VI
14
VII
18
VIII
19
IX
21
X
25
XXXVII
162
XXXIX
167
XL
175
XLI
185
XLII
189
XLIII
190
XLIV
199
XLV
205

XII
45
XIII
53
XV
56
XVI
61
XVII
67
XVIII
75
XIX
80
XX
84
XXI
87
XXII
88
XXIII
90
XXIV
95
XXV
107
XXVI
113
XXVII
115
XXVIII
116
XXIX
119
XXX
126
XXXI
129
XXXII
133
XXXIII
134
XXXIV
142
XXXV
149
XXXVI
159
XLVI
213
XLVII
216
XLVIII
225
XLIX
228
L
232
LI
240
LII
247
LIII
248
LIV
251
LV
258
LVI
267
LVII
272
LVIII
275
LIX
285
LX
294
LXI
297
LXII
298
LXIII
304
LXIV
310
LXV
317
LXVI
321
LXVII
345
LXVIII
353
Copyright

Common terms and phrases

References to this book

All Book Search results »

About the author (2005)

David S. Evans is Managing Director of the Global Competition Policy Practice at LECG LLC and part of Market Platform Dynamics, a management consulting firm that focuses on strategic analysis and product design for platform-based firms.

Bibliographic information