November 07, 2009
Three Problematic Truths About the Consumer Financial Protection Agency Act...
The creation of a new Consumer Financial Protection Agency (“CFPA”) is a very bad idea and should be rejected. The proposal is not salvageable and cannot be improved in substance...
October 16, 2009
SEPA: How Come and What’s Up?
Introduction The Single Euro Payments Area (SEPA) is gradually coming into force. The aim of SEPA is to harmonize the Euro payment market; citizens and corporations in Europe already...
October 15, 2009
A Review of Payment Card Economics
The proliferation of payment cards-that is, debit, credit, and prepaid cards-has dramatically changed the way we shop and merchants sell goods and services. Today, payment cards are indispensable in most...
October 15, 2009
Two-Sided Bank Card Payment Networks and Public Policy
1. Introduction The provision of payment-clearing services is a big business for banks and other payment intermediaries. About $75 in U.S. payments is processed each year per $1 of...
July 13, 2009
Predation, Exclusion, and Complement Market Monopolization
This article is part of a Chronicle. See more from this Chronicle Timothy Brennan, Jul 13, 2009 The handling of cases under the rubrics “monopolization,”single-firm conduct,” or “abuse of dominance”...
May 27, 2009
Predatory Pricing after linkLine and Wanadoo
This article is part of a Chronicle. See more from this Chronicle Adrian Emch, Gregory Leonard, May 27, 2009 On April 2, 2009, the European Court of Justice (“ECJ”) issued...
April 28, 2009
Recent Developments in Concentration Control Rules under China’s Anti-Monopoly Law
This article is part of a Chronicle. See more from this Chronicle Jun Wei, Apr 30, 2009 China has been fleshing out its concentration control regime since the Anti-Monopoly Law...
February 24, 2009
Pharmaceuticals Sector Inquiry: The European Commission Presents Its Preliminary Findings
This article is part of a Chronicle. See more from this Chronicle Elena Kamilarova, Dominik Schnichels, Feb 24, 2009 On November 28, 2008 the European Commission published its preliminary findings...
December 11, 2008
The Current Financial Crisis and State Aid in the European...
This article is part of a Chronicle. See more from this Chronicle Abel Mateus, Dec 15, 2008 We are in the middle of the worst financial and economic crisis since...
Real-time payments in the EU are on the verge of achieving their instantaneous promise, with a new rule from the European Council requiring instant fund transfers to be available within 10 seconds. In this edition of the “Real-Time Payments World Map,” a collaboration with The Clearing House, PYMNTS explores this development along with other advancements unfolding across the global real-time payments landscape.