A Guide to the ATM and Debit Card Industry
Taken from Overview of the ATM and Debit Card Industry: ATM and debit card transactions take place over a complex infrastructure. To the consumer and merchant, they appear seamless and nearly instantaneous. But, in fact, a highly complex telecommunications infrastructure links consumers, merchants, ATM owners, and banks. The common attribute of all ATM and debit card transactions is that the transaction is directly linked to the consumer’s bank account, that is, the amount of a transaction is deducted (debited) against the funds in that account.
An ATM transaction typically involves withdrawing cash from an ATM machine.The consumer presents an ATM card, which is issued by the bank holding his checking account, at an ATM terminal, which may or may not be owned by the same bank. He or she enters a personal identification number (PIN) to verify identity, the checking account is checked for adequate funds, and if everything is satisfactory, cash is issued. All of this is routed across one or more ATM networks.
A debit card transaction involves the purchase of a good or service. In this case, the consumer presents a debit card (which again was issued by the bank holding the checking account) to a merchant, and the consumer either enters a PIN (online debit) or signs a receipt (offline debit) to verify the consumer’s identity. The merchant, in turn, sends information about the transaction across one or more debit card networks, and if the transaction is approved, the consumer receives the good or service and the checking account is correspondingly debited. The merchant is reimbursed by a credit to its bank account. An ATM card is typically a dual ATM/debit card that can be used for both ATM and debit card transactions. Many ATM/debit cards offer the consumer both types of debit card transactions, online and offline.
Author: Fumiko Hayashi, Richard Sullivan, and Stuart E. Weiner.
Contents:
* 1 INTRODUCTION [ RECENT CHANGES IN THE ATM AND DEBIT CARD INDUSTRY ~ ISSUES AND IMPLICATIONS ~ SCOPE AND ORGANIZATION ]
* 2 OVERVIEW OF THE ATM AND DEBIT CARD INDUSTRY [ GENERAL DESCRIPTION OF ATM AND DEBIT CARD TRANSACTIONS ~ INDUSTRY INFRASTRUCTURE ~ BRIEF HISTORY OF THE INDUSTRY ]
* 3 ATM [ INTRODUCTION ~ TRANSACTION VOLUME, TERMINAL GROWTH, AND TERMINAL FUNCTIONALITY ~ INDUSTRY STRUCTURE ~ INDUSTRY PRICING ~ HOMY.ASIA ~ ATM AUTHORIZATION, FEE, AND SETTLEMENT ROUTING ARRANGEMENTS ]
* 4 DEBIT CARD [ INTRODUCTION ~ TRANSACTION VOLUME, DEBIT CARD ISSUANCE, AND TERMINAL GROWTH ~ INDUSTRY STRUCTURE ~ INDUSTRY PRICING ~ FATIHFIRDAUS ~ EMERGING PAYMENTS ~ DEBIT CARD AUTHORIZATION, FEE, AND SETTLEMENT ROUTING ARRANGEMENTS ]
* 5 ECONOMIC AND POLICY ISSUES [ INTRODUCTION ~ MARKET CONCENTRATION ~ VERTICAL INTEGRATION AND ECONOMIES OF SCOPE ~ ONLINEFREEEBOOKS.NET ~ PRICING ~ ACCESS ~ RISK ]
* 6 FUTURE RESEARCH
Figures, Tables etc:
* ATM Transactions
* ATM Terminals
* Number of Shared ATM Networks
* Top 10 ATM Networks by Number of Transactions
* Concentration of ATM Transaction Volume
* Concentration of EFT Switch Volume
* Top 10 ATM Networks by Share of Total ATM Transactions
* Top National and Regional Networks by Number of ATM Terminals
* Ownership Structure of Top 20 Regional ATM Networks
* Concentration of EFT Transactions Among the Top Five Processors
* Ownership Concentration of ATM Terminals
* Types of ATM Fees
* Retail ATM Fees
* Trends in Wholesale ATM Fees
* ATM Transaction—Network on-us
* Debit Transactions
* Online Debit Share of Total Debit
* Cards with a Debit Function
* Online Debit Terminals
* Number of Online Debit Networks
* Concentration of Online Debit Transactions Among the Top EFT Networks
* Concentration of Debit Card Transactions Among the Top 10 Debit Card Issuers
* Concentration of Debit Cards in Circulation Among the Top Debit Card Issuers
* Top 10 EFT Networks by Number of Online Debit Transactions
* Top 10 EFT Networks by Share of Online Debit Transactions
* Top 10 Online Debit Networks by Number of Cards
* Online Debit Card Coverage Among the Top EFT Networks
* Types of Debit Card Fees
* Trends in Switch Fees for Online Debit Transactions
* Acquirer and Card Issuers Responsibility for Online Debit Switch Fees
* Online Debit Interchange Revenue to Card-Issuing Bank
* Online Debit Card Transaction—Network on-us
* Offline Debit Card Transaction
http://info.worldbank.org/etools/docs/library/83607/Hayashi_April2003.pdf
An ATM transaction typically involves withdrawing cash from an ATM machine.The consumer presents an ATM card, which is issued by the bank holding his checking account, at an ATM terminal, which may or may not be owned by the same bank. He or she enters a personal identification number (PIN) to verify identity, the checking account is checked for adequate funds, and if everything is satisfactory, cash is issued. All of this is routed across one or more ATM networks.
A debit card transaction involves the purchase of a good or service. In this case, the consumer presents a debit card (which again was issued by the bank holding the checking account) to a merchant, and the consumer either enters a PIN (online debit) or signs a receipt (offline debit) to verify the consumer’s identity. The merchant, in turn, sends information about the transaction across one or more debit card networks, and if the transaction is approved, the consumer receives the good or service and the checking account is correspondingly debited. The merchant is reimbursed by a credit to its bank account. An ATM card is typically a dual ATM/debit card that can be used for both ATM and debit card transactions. Many ATM/debit cards offer the consumer both types of debit card transactions, online and offline.
Author: Fumiko Hayashi, Richard Sullivan, and Stuart E. Weiner.
Contents:
* 1 INTRODUCTION [ RECENT CHANGES IN THE ATM AND DEBIT CARD INDUSTRY ~ ISSUES AND IMPLICATIONS ~ SCOPE AND ORGANIZATION ]
* 2 OVERVIEW OF THE ATM AND DEBIT CARD INDUSTRY [ GENERAL DESCRIPTION OF ATM AND DEBIT CARD TRANSACTIONS ~ INDUSTRY INFRASTRUCTURE ~ BRIEF HISTORY OF THE INDUSTRY ]
* 3 ATM [ INTRODUCTION ~ TRANSACTION VOLUME, TERMINAL GROWTH, AND TERMINAL FUNCTIONALITY ~ INDUSTRY STRUCTURE ~ INDUSTRY PRICING ~ HOMY.ASIA ~ ATM AUTHORIZATION, FEE, AND SETTLEMENT ROUTING ARRANGEMENTS ]
* 4 DEBIT CARD [ INTRODUCTION ~ TRANSACTION VOLUME, DEBIT CARD ISSUANCE, AND TERMINAL GROWTH ~ INDUSTRY STRUCTURE ~ INDUSTRY PRICING ~ FATIHFIRDAUS ~ EMERGING PAYMENTS ~ DEBIT CARD AUTHORIZATION, FEE, AND SETTLEMENT ROUTING ARRANGEMENTS ]
* 5 ECONOMIC AND POLICY ISSUES [ INTRODUCTION ~ MARKET CONCENTRATION ~ VERTICAL INTEGRATION AND ECONOMIES OF SCOPE ~ ONLINEFREEEBOOKS.NET ~ PRICING ~ ACCESS ~ RISK ]
* 6 FUTURE RESEARCH
Figures, Tables etc:
* ATM Transactions
* ATM Terminals
* Number of Shared ATM Networks
* Top 10 ATM Networks by Number of Transactions
* Concentration of ATM Transaction Volume
* Concentration of EFT Switch Volume
* Top 10 ATM Networks by Share of Total ATM Transactions
* Top National and Regional Networks by Number of ATM Terminals
* Ownership Structure of Top 20 Regional ATM Networks
* Concentration of EFT Transactions Among the Top Five Processors
* Ownership Concentration of ATM Terminals
* Types of ATM Fees
* Retail ATM Fees
* Trends in Wholesale ATM Fees
* ATM Transaction—Network on-us
* Debit Transactions
* Online Debit Share of Total Debit
* Cards with a Debit Function
* Online Debit Terminals
* Number of Online Debit Networks
* Concentration of Online Debit Transactions Among the Top EFT Networks
* Concentration of Debit Card Transactions Among the Top 10 Debit Card Issuers
* Concentration of Debit Cards in Circulation Among the Top Debit Card Issuers
* Top 10 EFT Networks by Number of Online Debit Transactions
* Top 10 EFT Networks by Share of Online Debit Transactions
* Top 10 Online Debit Networks by Number of Cards
* Online Debit Card Coverage Among the Top EFT Networks
* Types of Debit Card Fees
* Trends in Switch Fees for Online Debit Transactions
* Acquirer and Card Issuers Responsibility for Online Debit Switch Fees
* Online Debit Interchange Revenue to Card-Issuing Bank
* Online Debit Card Transaction—Network on-us
* Offline Debit Card Transaction
http://info.worldbank.org/etools/docs/library/83607/Hayashi_April2003.pdf
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