Litigation that may redefine mobile vs. plastic

Private litigation in New York pitting a group of merchants against Visa, MasterCard and a number of large banks could stifle innovation in the mobile space.

Aussie pubs applying for exemption from ATM withdrawal cap

February 18, 2014

In some quarters it might be a tough sell proving an "unreasonable inconvenience to the community," but that's not discouraging owners of Australian clubs and…

RCMP says seized ATMs were money laundering stations

February 17, 2014

Police in the Canadian city of Winnipeg have seized a half-dozen white label ATMs they said were being used to launder money in a high-level trafficking…

Judge Leon's surprise demand on Durbin

Retailers and the Federal Reserve were both unprepared to respond to a demand by Judge Richard Leon in his Durbin ruling. (From the ATM & Mobile Executive…

Will Judge Leon's Durbin ruling get overturned?

Judge Leon's castigation of the Federal Reserve faces off against the agency's long-standing reputation and favor with the courts. (Attorney Crystal Kaldjob at…

What will happen if Judge Leon's Durbin ruling is overturned

The D.C. Court of Appeals could affirm or reverse some or all of the ruling. And there's the likely appeal to the Supreme Court. (From the ATM & Mobile…

The most debilitating part of Durbin for FIs

One factor in the whole Durbin/Leon debacle has thrown the financial services community into disarray, rendering budgeting and planning next to impossible.

How banks responded to the Durbin Amendment

Casey Merolla, senior manager of First Annapolis Consulting, analyzes the responses of various financial institutions to Durbin. (From the ATM & Mobile…

Bitcoin regulation a certainty, but to what degree?

February 7, 2014

Rulings by the U.S. Treasury's Financial Crimes Enforcement Network are revealing a developing picture of Bitcoin regulation in the United States. Last week…

Judge Leon's Durbin ruling mistakes

Casey Merolla of First Annapolis Consulting explains how the judge's ruling is in conflict with many network agreements signed as a result of Durbin. Leon also…

Likely outcomes of Judge Leon's ruling

The possibilities span the spectrum of destructive impact on financial institutions. In describing the potential outcomes, Casey Merolla of First Annapolis…

Strategic options for issuers in a Durbin world

Issuing banks have several strategies for mitigating the Durbin rules, including product innovation, re-pricing and cost reduction. (From the ATM & Mobile…

Department of Homeland Security taps FIS for cybersecurity research

February 4, 2014

Banking and payments technology provider FIS has reached an agreement with the Department of Homeland Security under which the company will serve as a…

Canada's Parliament mulls 50 cent off-us fee cap

February 4, 2014

It shouldn't cost Canadians as much as $3 to get access to their own money at a cash machine, a member of Canada's Opposition party asserts. The party wants to…

Will MCX eclipse branded payment networks?

A major issue clogging the road of payment evolution toward MCX is where account holders' value is stored. Another issue is the MasterCard/Visa duopoly that…

The threats Walmart sees in MCX

Reed Luhtanen, director of payments policy for Walmart, describes the pitfalls facing adoption of the new MCX standards. (From a panel at the ATM & Mobile…

U.S. Treasury Dept. concerned about mobile payments in Kenya

Kenya is a terrible example of regulation supervision, says Emery Kobor, Deputy Director of Strategic Planning for the U.S. Treasury's Office of Terrorist…

FBI will cash out Bitcoin cache

January 29, 2014

Last fall the FBI shut down the notorious Silk Road black market website, arrested its founder for money laundering (among other charges), and confiscated the…

Indian security company supplements manpower with technology

January 27, 2014

Banks across several Indian states and local jurisdictions have been told that they must increase security at their ATMs or risk having them shut down — an…

E-payments industry continues to face hurdles

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

In its seventh annual overview of the status of the electronic payments industry, Digital Transactions looks closely at ongoing interchange issues, virtual…