: In a swift decision a three-judge panel of the D.C. Circuit Court of Appeals upheld the Federal Reserve Board’s final rules on debit card swipe fees and routing, reversing Judge Leon’s stinging decision in favor of retailers. It turns out that if only Congress...
A U.S. appeals court on March 21 upheld the Federal Reserve’s 21-cent cap on debit card point-of-sale interchange, striking a blow to merchants who thought it excessive and wanted it lower, Bloomberg reported. The cap represents about half of what the average interchange rate was...
United States Court of Appeals Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive...
Russian stocks take a nose dive as MasterCard and Visa stopped providing services to two of Russia’s largest banks on Thursday, including one which is said to serve as a “personal bank for senior officials of the Russian Federation” Reuters reports. This means that Russian...
Brilliant minds came together over the past few weeks to address three complicated industry problems, and on March 20 we learned which were winners of this year’s Innovative Payments Think-A-Thon.
Brazilian payments processor Pagar.me won Best in Show at the PYMNTS Innovator Awards ceremony, held last night at Annenberg Hall on the campus of Harvard University, while PayPal took the Catalyst Award.
Procserve says it has launched “the world’s first B2B eCommerce instance” of Amazon.
eBay on March 20 welcomed investor Carl Icahn’s change in tactics on the future of the company but repeated that PayPal should remain a part of it, according to a report in Bloomberg BusinessWeek.
American Express has invested an undisclosed amount in Indian POS startup Ezetap in exchange for a minority stake, according to a report in Medianama. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
