Bolt, Wilko; Humphrey, David - Federal Reserve Bank of Philadelphia - 2013
Banks supply payment services that underpin the smooth operation of the economy. To ensure an efficient payment system …, it is important to maintain competition among payment service providers, but data available to gauge the degree of …-provided payment services. Billion dollar banks account for around 90 percent of assets in the U.S., and those with around $4 to $7 …