71,516 research outputs found

    On the incentives to form strategic coalitions in ATM markets

    Get PDF
    This paper studies ATM coalitions in retail banking. We ask when it is profitable for banks to make agreements which ban direct ATM transaction fees. In the case of a coalition banks loose income from ATM transactions but relax competition in the banking market. We find that such agreements are profitable when the interchange fee is sufficiently high. When banks can collude on the interchange they always form a coalition. Coalitions may harm consumers but lead to higher total welfare. Moreover, we find that smaller banks have larger incentives to form ATM coalitions. Investment in ATM networks is typically higher with a coalition. --Banking competition,ATM networks,collusion

    Performance and Buffering Requirements of Internet Protocols over ATM ABR and UBR Services

    Full text link
    The Asynchronous Transfer Mode (ATM) networks are quickly being adopted as backbones over various parts of the Internet. This paper analyzes the performance of TCP/IP protocols over ATM network's Available Bit Rate (ABR) and Unspecified Bit Rate (UBR) services. It is shown that ABR pushes congestion to the edges of the ATM network while UBR leaves it inside the ATM portion.Comment: IEEE Communications Magazine, Vol 36, no 6, pp152-15

    Principles for increased resilience in critical networked infrastructures

    Get PDF
    We propose a framework for deploying stronger, intelligent resilience mechanisms in mission-critical ATM networks over and above that offered by physical n-fold redundancy. We compare the challenges facing power and data network resilience and discuss disruptive threats to real-world operations. Using recorded live data from an ATM data network we argue our proposed architecture with deployable, distributed on-demand anomaly detection and monitoring modules provides enhanced fail-secure versus current fail-safe resilience

    Fees and Surcharging in automatic teller machine networks: Non-bank ATM providers versus large banks

    Get PDF
    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 not possible between a bank and a non-bank. A high cost of teller transactions modifies the tendency towards high ATM fees.

    Shared ATM networks: an uneasy alliance

    Get PDF
    Automated tellers

    Shared ATM networks - the antitrust dimension

    Get PDF
    Automated tellers ; Payment systems
    • …
    corecore