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.
A new survey of debit issuers representing about 45% of U.S. debit traffic suggests the debit industry is living on less interchange but is also experiencing less fraud.
Merchant Payment Coalition says study claiming interchange impact did not include enough data.