April 11, 2011
The Net Effects of the Proposed Durbin Fee Reductions on...
This article examines how the Federal Reserve Board’s proposed implementation of the Durbin Amendment will affect consumers and small businesses. A main objective of the Dodd-Frank Act was to protect...
April 11, 2011
Electronic Payments in India: Looking Back and Surging Forward
The first decade has been an eventful and possibly watershed period in the Indian economy, with consistently high GDP growth, a mobile revolution resulting in over 700 million connections, rapid...
April 11, 2011
Processors: Connecting the Dots for Payments Growth?
Introduction Every day, billions of payments transactions take place all over the world. In the United States, a typical consumer’s day comprises numerous exchanges of value as she buys...
April 11, 2011
The Behavioral Economics of Paying and Borrowing
Introduction Many Americans, feeling chunky and lethargic from their Thanksgiving to New Year’s Eve eating binges, will be making resolutions to exercise more and eat less during 2011. Some...
April 10, 2011
Remarks by Senior Advisor to the Treasury Secretary on the...
4/8/2011 Page Content Society of American Business Editors and Writers As Prepared for Delivery Thanks very much for that introduction, and thank...
March 31, 2011
In Anticipation of Durbin Impact on Payments, Electronic Payments Collapse,...
(Little Rock, Arkansas) – As the Federal Reserve announced official implementation of the interchange provisions of the Durbin Amendment this morning, Ozark State Community Bank, a local credit union here...
March 24, 2011
Sen. Corker “Shocked” That Durbin Passed in Reform Bill
Bob Corker (R-TN) was among the bipartisan group of nine senators who introduced a bill March 15 to delay implementation of the Fed’s proposed debit card regulations for two years...
March 21, 2011
NAPCP Offers Guidance on Purchasing Card Program Controls
When it comes to mitigating fraud and misuse in a card program, there’s good news: it is possible to achieve an appropriate balance between an over- and under-controlled program. Controls...
March 16, 2011
Elizabeth Warren’s Written Testimony for House Subcommittee on Work of...
3/16/2011Before the House Subcommittee on Financial Institutions and Consumer Credit Committee on Financial Services I. Introduction Thank you Chairman Capito, Ranking Member Maloney, and members of the Subcommittee for inviting...