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“All parties in the payments ecosystem would benefit greatly from state laws that provide clarity and consistency between jurisdictions,” write two legal professionals
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“Whether a shopper swipes a credit card or uses Buy Now, Pay Later, they are entitled to important consumer protections under longstanding laws and regulations,” CFPB Director Rohit Chopra said
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Reconciliation is an essential aspect of the accounting process that improves transparency, maximizes decision-making, and ensures regulatory compliance
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This past Sunday, comments were due in response to the Federal Reserve's proposed changes to Regulation II of the Durbin Amendment.Elisa Tavilla, Director of Debit Payments at Javelin Strategy & Research recently covered the initial proposal.A Quick Recap In October 2023, the Federal Reserve Board voted in favor of a proposal to lower the maximum interchange fee that debit card issuers (with $10 billion or more in assets) can charge merchants to process card transactions
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Mastercard has set its sights on expanding in China, Japan and elsewhere, Michael Miebach said in spelling out the company's worldview
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