An Exploration of the Complex Prepaid Market and How a Change in Reg. II Could Unravel Fintechs
隨著《the Dodd-Frank Act》第二條的變更，複雜的預付費市場可能將面臨混亂。預付費價值鏈由錯綜複雜的公司組成，其中一些公司從交換費收入中受益更多。交換費收入在許多金融科技公司的收入中佔很大比重，但票據交換所（TCH）緻美聯儲委員會的一封信可能會改變法規，使金融科技公司失去莫大獲利。
本報告中提到的公司包括： Bancorp，PayPal，Robinhood，Sutton Bank和The Clearing House
Mercator Advisory Group releases new research on the prepaid market and how a change in interchange regulations could pose significant challenges for fintechs.
Revenue from interchange fees makes up a large share of many fintechs' income, but a letter from The Clearing House (TCH) to the Federal Reserve Board may change regulations and cost fintechs much of this profit. The prepaid value chain is made up of a complex web of players, with some benefitting more from interchange revenues than others. Mercator Advisory Group's latest research report, “An Exploration of the Complex Prepaid Market and How a Change in Reg. II Could Unravel Fintechs”, discusses TCH's letter and its possible implications - intended and otherwise - on the prepaid market.
"In effect, answers to the TCH's FAQs could dramatically transform the prepaid market. While fintechs would lose a significant amount of interchange revenue - often one of their key income-generating activities - traditional financial institutions who have never benefitted from this revenue would gain a competitive advantage. Smaller fintechs and companies that partner with small issuers would also benefit from their larger fintech competitors' reduced interchange revenue," wrote James O'Brien and Laura Handly, market research analysts at Mercator Advisory Group and authors of the report.
This report has 11 pages and 4 exhibits.
Companies mentioned in this report include: Bancorp, PayPal, Robinhood, Sutton Bank, and The Clearing House