Industry Experts Dissect Fed’s Debit Proposal during PYMNTS.com Webinar

Just ahead of July 4th festivities, fireworks were provided for the industry this week courtesy of the Federal Reserve’s final proposal for debit card regulation. The interchange cap of 21 cents per transaction is set, but what’s not is how merchants, financial institutions and other stakeholders will ultimately respond. During a live webinar on PYMNTS.com, industry experts (clockwise from lower left) Tom Brown, Tom Durkin, Tim Attinger and David Evans (off camera) debated what’s next for debit, Durbin and the overall future of our industry. (Click photo below to launch webinar video)

Related: The Fed’s Final Debit Rules: Did Anyone Win?


Executive Bios

 

David S. Evans, founder of Market Platform Dynamics, has been a business advisor to many payment companies around the world. He is the author of Paying with Plastic: The Digital Revolution in Buying and Borrowing which is the definitive source on the payments industry. 

Tim Attinger is a Managing Director for Market Platform Dynamics with the Firm’s San Francisco office.  In this capacity Tim advises executives of global clients on innovation and growth strategies, establishing corporate direction, finding and assessing partners, and catalyzing new product development. 

Tom Brown is a partner in O’Melveny & Myers’ San Francisco office and a member of the Financial Services Practice. Tom’s practice focuses on competition law and legal issues affecting the financial services industry. 

Tom Durkin was a Senior Economist at the Federal Reserve Board for more than 20 years and was the Regulatory Planning and Review Director for ten. As a result of this experience, he is deeply knowledgeable about how the Federal Reserve Board approaches regulation. He has also written extensively on consumer credit and its regulation. His most recent book, Truth in Lending, Theory, History, and a Way Forward, will be published by Oxford University Press in the Fall of 2010.