payment networks

• Interchange Deal Advances

  By David Morrison  |  November 21, 2012

  The multiple-party, multiple-year case over credit card interchange moved one step closer to resolution on Nov. 9 when the Honorable Judge John Gleeson granted preliminary approval of the settlement agreement between retailers, payment networks and nine major card issuers.

• Court Grants Preliminary Approval to Interchange Deal

  By David Morrison  |  November 9, 2012

  Decision can still be appealed and National Retail Federation said it's considering that route.

• Hearing Friday on Interchange Settlement

  By David Morrison  |  November 9, 2012

  Both sides of testy dispute issue statements ahead of New York hearing.

• Durbin Sides With Retailers in Interchange Case

  By David Morrison  |  May 11, 2012

  Illinois senator files brief in case seeking to force Fed to cut interchange costs further.

• Payments 2012: Growing Range of Services and Demand

  By Bruce Hopkins  |  January 20, 2012

  Credit unions will need to continue to seek out and provide a full – and expanding – range of services if they wish to position themselves as their members’ payment provider of choice in 2012.

• Debit Interchange Network Choices

  By David Morrison  |  July 31, 2011

  Now that regulations implementing the Durbin amendment are finalized–at least for the short term–credit unions have to decide how many debit networks they want and if they have to join any.

• CUs Urged to Limit Their Debit Networks

  By David Morrison  |  July 27, 2011

  Analysts, payment executives advise limiting debit network participation in order to protect their debit interchange income.

• On-Site Coverage: Visa Executive Upbeat on Data Security

  By David Morrison  |  April 27, 2011

  WASHINGTON — Despite news of the massive Sony PlayStation breach, a Visa executive says progress is being made in overall data security.

• PSCU Financial Services Said Succession Plan Led To Kelly

  By David Morrison  |  March 30, 2011

  Craig Esrael, chairman of the board of PSCU Financial Services, said a succession plan made years before had helped lead the giant payments CUSO to choose a relatively little known payment executive as its next CEO.

• Trades Seek To Maim Interchange Cap

  By Claude R. Marx  |  March 2, 2011

  Comment letters, congressional testimony and in-person visits with lawmakers in Washington are key components of a concerted strategy to kill, delay implementation of or at the least modify the Federal Reserve’s proposed rule on debit interchange fees.