Search for: "Kristian Soltes" Results 61 - 79 of 79
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14 May 2021, 7:51 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: A Fed Report on Debit Costs Could Fuel a Movement to Reduce a Decade-Old Fee CapDigital Transactions News – May 10, 2021 Pressure may be building on the Federal Reserve to take action on a debit card interchange-fee regulation that it has left intact for 10 years despite sweeping changes in the payments business, including an onrush of e-commerce transactions over the past year. [read post]
23 Jul 2020, 7:22 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Open Banking for the Unbanked: How the Pandemic Is Affecting Innovation in LatAmPYMNTS – July 22, 2020 With nearly 50 percent of the Latin American population unbanked, there’s a growing appetite for mobile banking services. [read post]
10 Dec 2020, 8:56 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Facebook’s Antitrust Problems Are Jeopardizing Its Plans for WhatsAppQuartz – December 9, 2020 Facebook doesn’t make much money from WhatsApp. [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Retail Groups Seek to Protect Merchants in Ongoing Swipe Fee LitigationChain Store Age – March 31, 2021 The nation’s two largest retail trade are objecting to the scope of proposed class-action swipe fee litigation. [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing and Pricing RulesDigital Transactions News – August 11, 2021 With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. [read post]
16 Jul 2020, 9:23 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Tightens Rules on Payments Firms in Wake of Wirecard DebaclePYMNTS – July 9, 2020 The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of their accounts, the Financial Times reported. [read post]
4 Mar 2021, 9:30 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Launches Antitrust Probe Into AppleCNN Business – March 4, 2021 The United Kingdom’s competition watchdog has launched an investigation into Apple (AAPL) after app developers complained that they’re being forced to use the company’s payment systems and distribute their products via its App Store. [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Government Outlines Plans for Regulation of Buy Now Pay Later IndustryThe Spectator – December 15, 2021 The buy now pay later industry has exploded in recent years, with the industry now worth $100 billion (circa £70 billion). [read post]
13 Aug 2021, 8:15 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Merchants Redouble Their Efforts to Push the Fed on Debit’s Routing and Pricing RulesDigital Transactions News – August 11, 2021 With a Federal Reserve deadline hitting Wednesday for comments on decade-old debit card regulations, large merchants are firing some last-minute salvos in hopes of influencing the Fed to make major revisions to rules governing transaction routing and pricing. [read post]
17 Dec 2021, 11:17 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Government Outlines Plans for Regulation of Buy Now Pay Later IndustryThe Spectator – December 15, 2021 The buy now pay later industry has exploded in recent years, with the industry now worth $100 billion (circa £70 billion). [read post]
12 Nov 2020, 7:24 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: DOJ Suit Over Visa, Plaid Deal Sounds a Lot Like a Monopoly CaseBloomberg Law – November 10, 2020 The government’s lawsuit to block Visa Inc. [read post]
22 Oct 2020, 7:06 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: UK Retailers Attack Visa and Mastercard Over Card FeesFinextra – October 20, 2020 The latest payments survey from the British Retail Consortium (BRC) shows card use continuing to rise steadily from 54% of transactions in 2016 to 61% in 2019. [read post]
3 Dec 2020, 8:40 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Visa Is Doing What Big American Companies Do to ‘Protect This Business’The New York Times – December 2, 2020 (subscription required) Visa dominates the lucrative business of processing debit card transactions. [read post]
5 Nov 2020, 7:35 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Justice Department Files Antitrust Lawsuit Challenging Visa’s Planned Acquisition of Plaid Wall Street Journal – November 5, 2020 (subscription required) The Justice Department filed an antitrust lawsuit Thursday that seeks to block Visa Inc. [read post]
13 Aug 2020, 6:59 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMVDigital Transactions News – August 7, 2020 Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations and convenience stores. [read post]
16 Apr 2021, 8:43 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: Insider’s Report On Payments: Interchange in the CrosshairsThe Green Sheet – April 12, 2021 The major card brands are on the hot seat. [read post]
27 Aug 2020, 8:07 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: TD Bank to Pay $122 Million to Settle Overdraft Claims Brought by Consumer Financial Protection BureauUSA Today – August 21, 2020 TD Bank has agreed to pay $122 million in a settlement with Consumer Financial Protection Bureau over charges that it issued illegal overdraft fees. [read post]
15 Oct 2020, 9:00 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: 10 Ways Fintech, Payments Are on the Ballot in the 2020 House ElectionPaymentsSource – October 11, 2020 As the House of Representatives enters the 2020 election season, the outcome stands to encourage or rein in a group of technology companies that are encroaching deeper into financial services. [read post]
8 Oct 2020, 8:56 am by Kristian Soltes
Legal and Regulatory Developments SPOTLIGHT: House Panel Says Big Tech Wields Monopoly PowerWall Street Journal – October 6, 2020 America’s biggest technology companies have leveraged their dominance to stamp out competition and stifle innovation, according to a Democratic-led House panel, which said Congress should consider forcing the tech giants to separate their dominant online platforms from other business lines. [read post]