Bergman, Mats A. (contributor); … - 2007
likely to choose a card payment for low-value
payments. Also, we find that consumers with university education are more … payments
A card payment involves at least three parties: the cardholder (payer), the merchant (payee) and one
or two …, clearinghouses etc. We describe the
card payment process and the main players involved in Appendix 2.
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4.1 Private costs of …