A summary of Judge Leon's Durbin ruling

An attorney describes Judge Richard Leon's emotionally-charged actions in his ruling on the Durbin Amendment. (Attorney Crystal Kaldjob at the ATM & Mobile…

Did Judge Leon just wake up in a bad mood?

Kurt Helwig of EFTA asks an expert panel about the "inspiration" behind Judge Leon's emotional reaction to the Fed's Durbin rules. (From the ATM & Mobile…

For some, frivolous ATM fee notice lawsuits are still a threat

by Mark Smith — VP of Financial Solutions, Kahuna ATM Solutions

On Dec. 20, 2012, President Obama signed HR 4367 into law, eliminating the federal requirement that ATM operators post surcharge fee notifications not only on…

MasterCard: Why can't government regulatory agencies work together?

U.S. government agencies must synthesize their payment regulations, says MasterCard. A panel of several agency representatives tries to defend the complex U.S.

Chase and Visa's side deal under Durbin

Chase's debit and credit cardholders operate on a "separate instance of VisaNet" at Chase's merchant partners. (According to First Annapolis's Casey Merolla at…

Why Durbin 2.0 will be a win for MasterCard, loss for Visa

An audience member asks whether Visa has an unprecedented opportunity to capitalize on signature debit market share under the new Durbin rules.

NRF urges transition to more secure and advanced credit, debit cards (Updated)

January 22, 2014

This week, The National Retail Federation sent a letter to congressional leaders outlining the retail industry's commitment to protecting sensitive consumer…

Senators propose hearings on Target data breach

by Terry Dooley — SVP & CIO, ITS, Inc

Following the recent Target data breach, three U.S. Senators are pushing lawmakers to assemble to discuss the future of cyber security standards for businesses…

Why merchants are losing enthusiasm for EMV

A major drawback of EMV is that "it circumvents Durbin," says Mark Horwedel, CEO of the Merchant Advisory Group. "We worked very hard in the merchant community…

How retailers are losing in the payment regs landscape (despite Durbin)

Mark Horwedel, CEO of the Merchant Advisory Group, lays down the gauntlet to the payments industry to make it easier for merchants to do business. (From the…

Bitcoin fails Finnish money test

January 20, 2014

It's not a Bitcoin ATM; it's a commodity trading kiosk. This would have to be the revised description of the first Bitcoin-selling machine in Finland, which…

Appeals judges unsympathetic to retailers' fee cap, routing complaints

January 18, 2014

Federal appeals court judges heard oral arguments last week in the ongoing litigation in retailers' antitrust suit against Visa and MasterCard. On July 31…

Wells Fargo launches Bitcoin consultative group

January 17, 2014

Wells Fargo has set up a group of experts to discuss rules of engagement with Bitcoin, according to the Financial Times. The group is made up of finance…

Consumers lost billions as a result of Durbin regulation

by Terry Dooley — SVP & CIO, ITS, Inc

Economic consulting firm, Global Economics Group, recently released the results of a study exploring the impact of the Durbin Amendment on consumers…

ATMIA members meet with Fed bankers, X9 committee

January 16, 2014

Twelve ATM Industry Association members were among more than 50 guests at an invitation-only December meeting hosted by the Federal Reserve Bank of…

Will uncertainty about debit routing delay MasterCard EMV dates?

January 14, 2014

Ever since the July 31, 2013, ruling by Judge Richard Leon that struck down not only the Fed's fee cap rules but also its debit routing scheme, the payments…

An attorney summarizes the Durbin Amendment in 2 minutes

Attorney Crystal Kaldjob of Goodwin Proctor highlights what the Durbin Amendment is and how we got to where we are today. (From the ATM & Mobile Executive…

Has Durbin benefited consumers?

"In reality it's just been a transfer of funds from the large banks to the large merchants." (From a panel at the ATM & Mobile Executive Summit.)

Does the U.S. government want cash out of the way, or not?

Leland Englebardt of MasterCard confronts a government interagency panel on why they seem to be warm on cash, when the cost of cash is so high for them. "I…

Brazil hikes ATM fees by 1,600%

January 2, 2014

Brazil's finance ministry has increased the tax on citizens' debit card withdrawals abroad from the current 0.38 percent to 6.38 percent in the hope of…