The OECD holds a roundtable on competition and efficient usage of payment cards

Key documents: Executive Summary with key findings, Detailled Summary of the discussion, Background note Executive summary, by the Secretariat 1. In light of the written submission, the background note and the oral discussion, the following points emerge: 1. Non-cash payment systems serve a valuable role, enabling transactions to occur that otherwise would not. However, free market competition between payment systems likely results in a disproportionately high usage of high-cost payment systems. This market failure exists because relative costs for different payment mechanisms are rarely reflected in consumer prices paid. Retail payment systems exist to oil the wheels of commerce, ensuring that purchasers and merchants can benefit from transactions with each other. If cash were

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  • OECD - Competition Division (Paris)

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OECD, The OECD holds a roundtable on competition and efficient usage of payment cards, 1 June 2006, e-Competitions June 2006, Art. N° 85698

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