Electronic Payments Coalition
November 1, 2013 No Comments
Price controls are never a good idea, yet they seem to be a staple of policymakers across the globe. Inevitably, they result in dislocations in the market that frustrate both…
Electronic Payments Coalition
October 28, 2013 No Comments
The Global Economics Group issued a press release announcing a new study examining the impact of the Durbin amendment on consumers. The study finds that consumers will lose more than…
Electronic Payments Coalition
August 20, 2013 No Comments
Since Judge Richard Leon issued his shocking decision on July 31 that called for even more draconian price controls under Dodd-Frank’s Durbin Amendment, some legal commentators have given the judge…
Electronic Payments Coalition
August 7, 2013 No Comments
Credit cards, debit cards and now newer technologies like PayPal have revolutionized a critical gear in our economy: payment. The ability to securely and effortlessly engage in consumer transactions —…
Electronic Payments Coalition
August 7, 2013 No Comments
Proposals to cap interchange, or swipe, fees rest on bad economics, ignorance about payment systems and rent-seeking by large retailers. Interchange fee caps are a money grab for big merchants…
Electronic Payments Coalition
August 6, 2013 No Comments
If you think there isn’t enough competition in the payments industry, just wait a few years – there will be a lot less in the U.S. and European Union. Before…
Electronic Payments Coalition
August 2, 2013 No Comments
The legacy of the Durbin amendment continues: A U.S. District Court has now ruled against the Federal Reserve Bank in a lawsuit brought to the court by merchant groups. The…
Electronic Payments Coalition
August 2, 2013 No Comments
Today, U.S. District Judge Richard Leon ruled that the Federal Reserve’s implementation of the Durbin Amendment of the Dodd-Frank financial overhaul, which sets price controls on what banks and credit…
Electronic Payments Coalition
August 2, 2013 No Comments
In a further illustration of the determination of merchants to wrestle control over cost of payment acceptance away from the global card networks, a Federal Court this week validated their…
Electronic Payments Coalition
August 2, 2013 No Comments
The stiffer routing requirements may pose technological hurdles, according to David Stein, a director at the banking consulting firm Promontory Financial Group. He noted that Visa (NYSE: V) and MasterCard…
We are the credit unions, community banks, payment card networks, and institutions who support the backbone of our economic system: electronic payments.
