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 [...]
The reporter who broke the AT&T/Verizon/T-Mobile NFC Mobile Payments story this week just came out with a follow-up story that names the initiative and suggests the cities where it will pilot next year. Apparently it’s caled Mercury, and the cities being contemplated are in Texas, Utah and Minnesota. I’ll keep tracking the news on this story and post more here [...]
Technorati Tags: mobile payments, global mobile payments, payment trends, payments industry forecast, nfc payments, nfc, at&t, verizon, t-mobile, barclays, barclaycard, discover, discover network, visa, mastercard, card network, mobile carrier, bloomberg, near field communications, interchange, interchange legislation, durbin amendment
Fear and Greed are often discussed among investors and others as the great emotional motivators among capitalists. Looking through this filter let’s take a look at the big recent news in mobile payments: a big deal between three of the largest US mobile carriers, a bank and a card network. AT&T, Verizon and T-Mobile made [...]
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 [...]
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