Obamacare Hits a Durbin Speed Bump for the Unbanked/Underserved
5/23/2013
According to a Washington Post article, the unbanked and underserved will find it hard to pay for Obamacare insurance since few insurance companies accept cards Americans shopping for health insurance under the Affordable Care Act next year might hit an...
Square Enters Japan, Targets Cash
5/23/2013
Square has entered the Japanese market with its mobile card reader and tablet point of sale register apps.The U.S. company has partnered with Sumitomo Mitsui Card Corporation (SMCC) for its Japanese venture. SMCC has been credited with successfully introducing Visa...
Federal Reserve Declares Split Interchange System Works
5/23/2013
The Federal Reserve announced Friday that the interchange cap exemption for banks and credit unions with less than $10 billion in assets is working as intended under the regulations. From The Federal Reserve Small depository institutions with consolidated assets of...
FICO: France Becomes Europe’s Leading Payment Card Fraud Victim
5/22/2013
FICO, one of the leading analytics and management software companies, announced earlier this week France had surpassed the United Kingdom for payment card fraud in 2012. While the majority of European countries saw card fraud level rise, France took the...
Visa Europe Predicts 52 Million Contactless Transactions per Month in 2013
5/20/2013
European consumers are increasing adoption of contactless payment technology, according to various media reports. Now Visa Europe is announcing contactless payments have reached critical mass, which signals the technology likely will become a mainstream payment option in the very near...
Surcharging No Longer Gets a Wink and a Nod
5/16/2013
Consumers over the year have grown accustomed to seeing a “$10 minimum purchase” sign tacked on wall at small, local merchants like dry cleaners or bodegas. However, with credit card surcharges in the news because of the multi billion dollar...
Governments Continue to Tighten Fence Around Bitcoin Transfers
5/15/2013
The U.S. Department of Homeland Security issued a court order to Dwolla to cease wire transfers between it accounts and Mt. Gox, a Japanese Bitcoin exchange. This action keeps the downward pressure on Bitcoin exchanges and echo’s similar recent actions...