The card network is focused on “stubborn categories” where large account-to-account payments have taken hold, such as in healthcare, education and rent, a Visa executive said
“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals
Reconciliation is an essential aspect of the accounting process that improves transparency, maximizes decision-making, and ensures regulatory compliance
This past Sunday, comments were due in response to the Federal Reserve's proposed changes to Regulation II of the Durbin Amendment.Elisa Tavilla, Director of Debit Payments at Javelin Strategy & Research recently covered the initial proposal.A Quick Recap In October 2023, the Federal Reserve Board voted in favor of a proposal to lower the maximum interchange fee that debit card issuers (with $10 billion or more in assets) can charge merchants to process card transactions
“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said
Executives from Mashgin, Invenco and other firms recently discussed issues they face in using kiosks for self checkout, and how retailers can address them
