[1] Rajan, R. (2005): Has financial development made the world riskier? Proceedings – Economic Policy Symposium – Jackson Hole, Federal Reserve Bank of Kansas City. 6/6  BIS central bankers' speeches
Some smaller acquirers – for example Tyro and First Data – have been faster than the major banks to provide their customers with this functionality. But the major banks are now offering or are about to offer merchant choice. This should assist in keeping downward pressure on the fees that merchants pay.