Senate Majority Whip Richard Durbin (D-Ill.) joins retailers filing briefs urging the Supreme Court to hear the interchange suit.
Sen. Dick Durbin (D-Ill.) files an amicus brief with the Supreme Court, arguing for a lower Fed interchange cap.
Apple's new payment service could give mobile adoption a boost.
Apple debuts a new payments system that has digital wallet supporters cheering.
Supporters of credit union wallet solutions say the Apple announcement is good news for adoption.
E-commerce merchant Mitch Goldstone filed the interchange antitrust lawsuit back in 2005.
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.
Time is of the essence for credit unions in signing up mobile bill payers, because the competition already is.
Confusion over what chip and PIN technology can and can't do has experts questioning if EMV implementation is a good idea.