I just received a new Diners Club card when my last one expired, and this is my first EMV “smart card.” There are several interesting things about this little package that just arrived, and it leads me to more questions than answers. Many issuers are distributing these EMV cards to their international travelers to relieve [...]
Today the Fed has issued their proposed interchange regulations. They boil down to three key proposals: 1. The Fed gutted interchange by setting prices at least 80% lower than today. They proposed two choices for interchange prices, which amount to a giant win for retailers and a commensurate loss for issuers: Either a flat $0.12 cap, or [...]
Amidst all the hype, politics and lobbying in the Durbin Amendment interchange fees debate, is a little-noticed component that could have a big impact on the state of payment technology in the US. I believe the changes offered by the House and accepted by Durbin and the Senate could lead to regulations that force the US [...]
Check out this opinion piece from Visa: Industry Opinion New code for debit, credit cards leaves consumers out Toronto Globe and Mail I’m not sure what is more interesting, the overall subject, the article by Visa (and the fact they wrote one), or the comments. I was surprised by the number of comments on what [...]
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