Journal of Financial Market Infrastructures

Risk.net

Competition in bank-provided payment services

Wilko Bolt and David Humphrey

ABSTRACT

We propose and implement a frontier-based method to assess relative competition in bank-provided payment services. Billion-dollar banks account for around 90% of assets in the US and it is those with around US$4-7 billion in assets that turn out to be both the most and the least competitive in payment services, not the very largest banks.

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