Despite the rise of big data, the cloud and the countless other electronic innovations looking to tap into our collective brainpower, predictions remained as difficult to get right as ever in 2013. Get the Full Story Complete the form to unlock this article and enjoy...
After a less-than-stellar summer that saw the vultures circling Cupertino, Apple righted its course this winter posting impressive Black Friday sales numbers and releasing head-turning point-of-sale (POS) innovations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
“Some bankers and analysts think that Google, Facebook, Amazon or the like will not fully enter a highly regulated, low-margin business such as banking. I disagree. What is more, I think banks that are not prepared for such new competitors face certain death.” Get the...
It’s a sobering reality: Despite all the advances that eliminate friction in commerce, banks still struggle to serve poor and often remote populations. Barriers exist due to the limitations of existing electronic payments networks, a lack of awareness, and perhaps most importantly, a gap in...
We’ve been talking about standards an awful lot lately: or, more specifically, the lack of them. Wireless technology standards. Mobile payment technology standards. Common AIDs for debit routing implementation. Let’s face it. Standards accelerate adoption because they facilitate development – no arguing over what to...
The ruling by Judge Leon that told the Federal Reserve Board it had erred too far in favor of the banks has gotten a lot of attention over the past two weeks. The implications for any institution that is involved in handling or accepting debit...
Section 1075 of the 2010 Dodd-Frank Act requires the Federal Reserve Board to regulate the debit card industry including the interchange fee banks and credit unions receive from merchants. This paper reviews the arguments in support of this regulation put forward by Senator Durbin, who...
JURISDICTIONAL STATEMENTThis case is before the Court onappeal from the July 31, 2013memorandum opinion and order of theUnited States District Court forthe District of Columbia, Judge Richard J. Leon, granting summaryjudgment for the plaintiffs. In the district court, plaintiffs challengedthe Board’s regulations regardingdebit interchange fees,...
Section 1075 of the 2010 Dodd-Frank Act requires the Federal Reserve Board to regulate the debit card industry including the interchange fee banks and credit unions receive from merchants. This paper reviews the arguments in support of this regulation put forward by Senator Durbin, who...
