Supreme Court opts not to hear an appeal of a lower court ruling on debit interchange.
LAS VEGAS — Money20/20 conference kicks off with panelists at early sessions confident payments are nearing several tipping points.
Retail trade associations and two large retailers appeal to the Supreme Court to rule on the Federal Reserve's debit interchange rule.
Retail trade associations and firms call the Fed's debit interchange rule an issue of staggering importance.
A new Aité Group report says cash is more expensive for retailers than cards. Retailer groups disagree.
Retailers displeased with U.S. District Court Judge John Gleeson's adjudicated settlement of litigation surrounding credit card interchange appealed his decision last week.
Some retailers appeal a settlement other retailers had reached with Visa, MasterCard and six major banks.
Plantiffs also say the sheer size of the debit card market make their case big enough for the nation's highest court.
After the Fed's current interchange rule was upheld in court, plaintiff retailers say they may appeal to the Supreme Court.
Retail federation says without PINs, chip cards make little sense. Visa and MasterCard disagree.