payment networks

Payment Innovations Seen Coming From Durbin Application

By David Morrison | December 15, 2010

The Durbin Amendment to the Dodd-Frank financial reform act will likely cut credit union debit card income in the short term but may also spur further innovations in the payments industry.
Conferees Tackle Big Issues Today

By Claude R. Marx | June 22, 2010

House and Senate conferees will tackle the issues of greatest interest to credit unions in the financial overhaul when they meet later today.
Treasury Report Cites Benefits to Government from More Interchange Regulation

By Claude R. Marx | June 15, 2010

The U.S. Government could save between $36 million and $39 million in interchange fees annually if it had the right to negotiate for better terms, according to a Treasury Department report.
Last Gonzalez Hacker Associate Headed to Jail

By David Morrison | April 28, 2010

Damon Patrick Toey, 28, the last currently captured hacker who took part in the majority of major card security breaches over the last 10 years, has been sentenced to five years in prison.
Last Gonzalez Computer Hacker Sentenced to a Nickel

By David Morrison | April 16, 2010

The last computer hacker associated with the ring that stole millions of credit and debit card numbers from retailers and cost card issuers tens of millions of dollars received five years in prison.
Last U.S. Hacking Partner Faces Sentence Today

By David Morrison | April 15, 2010

Damon Patrick Toey, 25, the last of the U.S. based partners of computer hacker Albert Gonzalez faces a judge for sentencing today in Boston. The U.S. Attorney for the District of Massachusetts has recommended a sentence of six years.
Top 10 Stories of 2010 Countdown

March 26, 2010

Find out how our readers ranked the top 10 stories of 2010.
Conservative Think Tank Weighs In on Card Interchange Fees

By David Morrison | January 6, 2010

The Competitive Enterprise Institute, a Washington think tank with a conservative reputation,