NUEVOS ENFOQUES DE LAS ENTIDADES FINANCIE RAS ESPANOLAS PARA EL NEGOCIO DE LAS TARJETAS BANCARIAS

Abstract

The objective of this academic research is to verify how and when Spanish financial institutions will need to reshape their card issuing business models in Spain as a consequence of the negative economic impact of the legally binding agreement signed on 2-12-2005 among the largest retail associations and the financial institutions represented by the three local processors (Servired, 4B and Euro6000). This legal agreement has implied a gradual but very significant reduction of the local interchange rates that apply to financial institutions at cards POS local transactions, and represents a significant decrease of the revenues generated in this financial payments business model.