A Dose of Reality

October 3, 2011 10:16

The other shoe drops. They aren’t shooting blanks. Mix up the metaphors any way you like. What comes out of the shaker is bitters neat: fees are back in U.S. banking big time.  As your agent has pointed out in this space previously, there is no free lunch. So here’s a third metaphor to throw …
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My very first job at the age of 12 was working at my dad’s butcher shop in the Bronx. For me, the best part of the job was spending time with my dad and learning from his interaction with customers.   Small businesses thrive on providing exceptional customer service and on one occasion I remember my …
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The Fed’s ruling on signature debit Interchange levels, while alleviating—if not obviating—Aite Group analyst Julie McNelley’s concerns that 12 cents just wouldn’t be enough to pay for risk management, does beg the bigger question. Because security is still a top-of-mind issue in U.S. and global card circles, and what to do about it is by …
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MasterCard has its day in court with the European Commission and sets out what is at stake for European payments  Waterloo, Belgium, 8 July 2011, The General Court of the European Union held a hearing today on MasterCard’s appeal against the European Commission’s 2007 decision on the company’s cross-border consumer interchange fees in the EEA.  …
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The Durbin Debacle

June 10, 2011 09:42

It’s always fun to transcribe great English prose; and when you spend a lot of time in the blogosphere, you can start feeling a little like you’re working in a windowless office in Manhattan in July with the air conditioning on the blink. Reading a real argument from a real thinker by way of contrast …
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