Search for: "INTERCHANGE STATE BANK" Results 21 - 40 of 285
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22 Sep 2023, 6:54 am by Zak Gowen
About 70% of retail gift cards in California are made from PVC plastic and would be affected by the ban, according to a spokesperson for State Sen. [read post]
15 Sep 2023, 6:38 am by Zak Gowen
The report, called “Big Tech’s Role in Contactless Payments,” notes that as the United States shifts toward open banking through data portability in consumer finance, any restrictions from the dominant mobile operating systems will have “an outsized effect on access to payments systems and may hinder the development of a truly open ecosystem. [read post]
1 Sep 2023, 8:00 am by Zak Gowen
Federal Reserve Sets Guidelines for Banks’ Use of StablecoinsPYMNTS – August 28, 2023 A new Federal Reserve supervisory letter on the process for state member banks using dollar tokens, such as stablecoins, to facilitate payments has drawn the ire Monday (Aug. 28) of members of Congress. [read post]
15 Aug 2023, 7:58 am by Todd Zywicki & Julian Morris
Both theory and ample evidence from the United States and other countries shows that attempting artificially to force down interchange fees is bad for consumers—especially those with lower incomes and those who revolve their balances. [read post]
9 Aug 2023, 9:01 pm by renholding
In addition, because US regulators made significant deviations in the Capital Proposal from the Endgame Standard, the Capital Proposal would effectively impose higher costs on banking organizations based, or operating, in the United States. [read post]
14 Jul 2023, 10:21 am by Zak Gowen
Bank Info Security – July 6, 2023 The world is moving on from magnetic stripe payment cards, with one notable exception: the United States. [read post]
30 Jun 2023, 8:46 am by Julian Morris
Co-branded cards—of which there are currently more than 200 million in the United States—will almost certainly disappear, as the rewards on such cards are largely funded by interchange fees. [read post]
26 Jun 2023, 6:30 am by Guest Blogger
State legislatures that opposed rechartering the First Bank of the United States hoped to avoid the competition that a national bank posed to state banks. [read post]
2 Jun 2023, 7:54 am by Zak Gowen
Legal and Regulatory Developments SPOTLIGHT: More Than 80% Of Central Banks Are Investigating CBDCCentral Banking – June 2, 2023 Eighty-three per cent of central banks are working on projects investigating central bank digital currency (CBDC) for retail payments purposes, data from the Payments Benchmark 2023 shows. [read post]
26 Mar 2023, 1:47 pm by Jillian Houle
” Globally, the World Bank projects that by 2050, roughly 216 million individuals will be forced to migrate within their own countries due to climate change. [read post]
14 Mar 2023, 4:41 am by Seán Binder
This reflects China’s stated ambition of playing a key role in securing peace between Russia and Ukraine. [read post]
20 Dec 2022, 1:46 pm
The handlers of the administration process may be one person, two or more individuals, a bank, or a law firm. [read post]
20 Oct 2022, 8:35 am by Dan Lopez
The Senate Judiciary Committee spent time on the issue of Visa and MasterCard interchange recently. [read post]
5 Oct 2022, 1:46 pm by Kristen E. Larson
Federal Reserve Governor Bowman voted against the rule stating: “During the public comment process, community banks raised substantial concerns with the proposal. [read post]
24 Jul 2022, 6:45 am by Lawrence Solum
 For example, context is necessary in order to determine whether a statute that regulates "banks" is targeted at river banks or financial institutions. [read post]
7 Jul 2022, 9:03 am by HRWatchdog
After all, an employee can use their vacation time and floating holidays interchangeably. [read post]
28 Jun 2022, 7:01 am by Pablo Chavez
One hypothetical discussed often among policymakers is the possibility of European entities—for example, European commercial banks—getting cut off from American cloud services due to U.S. [read post]
26 May 2022, 8:58 am by Zak Gowen
A central bank digital currency (CBDC) would serve as advantaged competition for retail bank deposits, depriving banks of funding and restricting credit availability in the U.S. economy, the trade groups each argued. [read post]