Beyond the swipe: Surfing the waves of change in the debit industry
Consumer preferences, emerging technology and merchant incentives have altered the debit market.
Payments
States tighten reins on ‘crypto ATMs’
In recent months, multiple states have proposed and passed laws to tighten restrictions on convertible virtual currency kiosks, with Indiana...
Proposed rule would give states ‘wide latitude’ to set stablecoin regulation
The Treasury Department proposed a new rule to establish what factors it will consider when stablecoin issuers request to be...
Rep. Waters seeks details from Fed about Kraken decision
House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) asked the Kansas City Fed to provide more information about its...
FTC issues ‘debanking’ warnings to payment companies
The Federal Trade Commission sent letters to four payment service providers to warn them from engaging in alleged “debanking” activities.
Colorado, Delaware advance bills to eliminate certain interchange fees
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as...
National bank preemption and the integrity of the U.S. payments system
At stake is more than a single fee. It is the continued integrity of a national banking system that supports...
Podcast: Risk and strategy in sponsor banking
Sponsor banking, or BaaS, is a unique opportunity for banks, but according to Amanda Swoverland of Hatch Bank, it requires...
OCC, former comptrollers urge court to overturn Illinois interchange ruling
An Illinois state law restricting interchange fees for certain payments threatens the national banking system by interfering with federal powers...
ABA opens fraud contact directory to international banks
ABA announced that its widely used Fraud Contact Directory is now open to international banks, marking a significant expansion of...
