June 17, 2011
Interchange Fees: Optimal Regulation
Panelists analyzed various theories on interchange, focusing in particular on the tourist test. Vergé noted that the tourist test doesn’t work well in all circumstances, but cost-based...
June 16, 2011
Interchange Regulation and SEPA Debated at PYMNTS.com Forum in Europe
The interchange fee debate took an interesting turn in Brussels this past Wednesday when the former CEO of Credit Agricole argued that interchange fee regulation could prevent the launch of...
June 15, 2011
A Presentation on Market Definition
Richard Schmalensee, Jun 01, 2011 Let me now turn to the broad consensus on market definition among leading authorities. I don’t have time-and I doubt you have the patience-to go...
June 09, 2011
Obama Reportedly Considering Former Deutsche Bank Director to Lead CFPB
June 8, 2011 Raj Date, who held executive positions at both Capital One Financial Corp. (COF) and Deutsche Bank AG before joining the team at the Consumer Financial Protection Bureau,...
June 06, 2011
Senate Could Take Up Bill to Delay Durbin on Wednesday,...
June 6, 2011 Multiple sources tell the Credit Union Times that the much-anticipated faceoff over legislation to defer implementation of the Federal Reserve’s proposed debit card interchange limits could occur...
May 30, 2011
GOP Senators Prevent Memorial Day Recess Appointment for Warren
May 30, 2011 Republican lawmakers kept the Senate from fully adjourning over the Memorial Day holiday, thus blocking President Obama’s opportunity to use a recess appointment procedure to name Elizabeth...
May 29, 2011
“Googling” mPayments Ignition? Why Google’s Wallet May Be the Top...
– Ask the Industry: Will Google Wallet ignite mobile payments? Share your thoughts here. Google’s announcement today of its NFC-mobile payments scheme is, with a few exceptions, a real...
May 27, 2011
VeriFone Partners with Google and Leading Retailers to Power NFC-based...
VeriFone Systems, Inc. (NYSE: PAY), the leading global payment solutions provider, announced today it is partnering with Google (NASDAQ: GOOG) and top retailers to deploy Google Wallet, an Android app...
May 26, 2011
Bair Tells House She Sees No Problem with Single CFPB...
May 26, 2011 Testifying before a House subcommittee Thursday, Federal Deposit Insurance Corp. Chairman Sheila Bair said she felt comfortable with the leadership of the Consumer Financial Protection Bureau in...