Payments Consultant

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 [...]