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Fees and Surcharging in automatic teller machine networks: Non-bank ATM providers versus large banks
[report]
2003
unpublished
Preserved Fulltext
This paper develops a spacial model of ATM networks to explore the implications for banks and non-banks of interchange fees, foreign fees and surcharges applied to transactions by customers at other than an own-bank ATM. Surcharging raises the price (foreign fee plus surcharge) paid by customers above the joint profit-maximizing level achieved by setting the interchange fee at marginal cost and not surcharging. Similar size banks would agree not to surcharge, but such an agreement is typically
doi:10.3386/w9883
fatcat:h6szf5iwjngfnec2trztfqr6o4