Angry Judge Richard Leon tells Fed its attorneys can "came come off vacation" and raises specter of damages from overcharges.
Whether or not the Federal Reserve can or will appeal the July 31 court decision that overturned two-thirds of its debit interchange regulation hinges on several unresolved legal questions.
ATMIA says decision last week cancels out a year of work on enabling U.S. payment network use of EMV standards.
Judge didn't hint outcome in oral arguments. Unresolved questions - including legal standing - about ability to appeal.
Justice Department, Federal Reserve also can appeal the Wednesday ruling that threw out the 21-cent cap set by Durbin Amendment.
Two instead of four unaffiliated payment networks could be required as result of federal judge's ruling.
Trades also indicate possible appeal after federal court throws out Fed's 21-cent cap.
Federal judge throws out Durbin Amendment's 21-cent cap in emphatic ruling.
The European Commission has proposed capping debit and credit card interchange at 0.2% and 0.3% respectively.
India cited as origin of cyber attack on supermarket chain that has forced Redwood CU to re-issue 18,400 cards.