Just got back from MasterCard’s America Risk Management Academy meeting in San Diego, where I led a panel (more about that in a minute). During the conference news of the Sony breach surfaced, which led to some pretty interesting discussion. Not to sound like too much of a homer, but it was one of the most …
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While no thunderclap, JPMorgan Chase’s decision this week to drastically cut its debit rewards program is certainly indicative of what consumers should expect as a result of the post-crisis legislative and regulatory onslaught on the payments industry. Alone, actions like this by PNC Bank, Chase and Regions, among others, are probably not enough to pry …
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This week, we saw activity in both houses of Congress around the Durbin Amendment, as a bipartisan group came together to propose a bill that would delay the implementation of the Federal Reserve’s proposed rules fixing the price of debit card interchange. While there are differences in each bill, in essence they would require the …
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PURCHASE, N.Y., Mar 15, 2011 (BUSINESS WIRE) — MasterCard is pleased that members of the United States Senate have come together to introduce the Debit Interchange Fee Study Act, a bill calling for a study and delay in the implementation of the Durbin Amendment. Since the passage of the Durbin Amendment and following the Federal …
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PURCHASE, N.Y., Mar 14, 2011 (BUSINESS WIRE) — MasterCard Worldwide announced that it will provide support for the Japanese relief efforts following the tragic earthquake and tsunami. Interchange fees on Japanese relief donations that are made using U.S. issued MasterCard cards to the following organizations will be waived: American Red Cross, AmeriCares, Doctors Without Borders, …
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