In this study, “Credit Cards and Small Business: The Benefits, Opportunities and Policy
Debate,” SBE Council Chief Economist Raymond J. Keating highlights key moments in the
history of the credit card business, and notes how the modern system works. Keating looks at the “interchange fee,” and helps readers understand the economics of “two-sided markets.” He walks through the facts, the trends, the numbers, and the many benefits to small businesses.