The Federal Reserve last week announced that 29 of 30 top U.S. banks have enough capital to continue lending through an economic crisis.
It’s one thing to bitcoins, but where to use them? Coinbase can make it possible to both buy and spend bitcoins using its own digital wallet. Company executive Adam White recently spoke with MPD CEO Karen Webster about the startup’s fast growth and what he...
: 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 FOR THE DISTRICT OF COLUMBIA CIRCUIT Argued January 17, 2014 Decided March 21, 2014 No. 13-5270 NACS, FORMERLY KNOWN AS NATIONAL ASSOCIATION OF CONVENIENCE STORES, ET AL., APPELLEES v. BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM, APPELLANT Appeal from...
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.
