Date: 2010-06-10 15:11:05

Credit cards

Merchant services

Economics

Commerce

Interchange fee

Debit card

MasterCard

Visa Inc.

Acquiring bank

Payment systems

Electronic commerce

Business

Overview of Recent Developments in the Credit Card Industry by Douglas Akers, Jay Golter, Brian Lamm, and Martha Solt* Since the 1980s, Visa U.S.A. (Visa) and MasterCard International (MasterCard), the bank-controlled cr

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