The payment system as a public good? Lessons learned in the Netherlands

Frank A.G. Den Butter, Piet M. Mallekoote

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

Uniform, standardised payment methods reduce transaction costs considerably, allowing payments to be made more efficiently. This is especially true for purchases and sales on the internet, where payment innovations make it much easier for customers to pay for e-commerce transactions. The role of the government in this is to safeguard the public interest with respect to the payment system. This paper discusses various viewpoints for government intervention from the perspective of public sector economics. More specifically, regulators need to set rules for new players in relation to the revised Payment Services Directive.

Original languageEnglish
Pages (from-to)304-313
Number of pages10
JournalJournal of Payments Strategy & Systems
Volume12
Issue number4
Publication statusPublished - Jan 2019

Fingerprint

Sales
Innovation
Internet
Economics
Costs
Payment system
The Netherlands
Lessons learned
Payment
Government intervention
Safeguards
World Wide Web
Public sector
Government
Payment methods
Electronic commerce
Purchase
Public interest
Transaction costs

Bibliographical note

Vol. 12, Issue 4, winter 2018-2019

Keywords

  • E-commerce
  • Innovation
  • Market failure
  • Public interest
  • Transaction costs
  • Trust

Cite this

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The payment system as a public good? Lessons learned in the Netherlands. / Den Butter, Frank A.G.; Mallekoote, Piet M.

In: Journal of Payments Strategy & Systems, Vol. 12, No. 4, 01.2019, p. 304-313.

Research output: Contribution to JournalArticleAcademicpeer-review

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