Point of sale (POS) steering isn't really part of the payments industry dialogue right now as various stakeholders praise, argue, and criticize the proposed Federal Reserve rules on debit card interchange and network routing. But, I think it could be a big part of...
After months of speculation and hand-wringing, last Friday we finally got a relatively complete reading on how the Federal Reserve will likely implement the prescribed regulation of debit interchange and debit network competition. My partner, Carol Benson, has also...
At Glenbrook, we think (and teach!) about the payments industry by domains (the purpose of the payment) and players (users and providers). Our quick take on the impact of yesterday’s proposed rules on each is below. One general assumption I’ve made here is that the...
Last June, in an article titled "The End of Interchange", I wrote about the then yet to be passed Durbin amendment - and how it might affect debit interchange fees. Earlier today, we got the first glimpse. The point of my earlier article was focused on the...
You have to admire great execution when you see it - and this morning Jeff Mullen and Philip Yen from Dynamics stopped by our offices to say hello and share some of their excitement at the reactions they've been getting to their new "ultra smart" payment cards -...
I'm just back from a fascinating ten day visit to India - and, frankly, I'm still in a bit of a daze from that amazing experience. More to come about my visit there. Tonight, as I'm catching up on the happenings while I was gone, I came across a press release...
There, did I get your attention? ... Tonight's headlines say it even more clearly - see this Wall St. Journal story titled "Merchants Win Debit-Card Fee Battle". Or, see this post on PaymentsNews.com about the Durbin compromise announced earlier today. Seriously,...
I’ve been amazed by what I’ve been reading of late from the “analyst” firms commenting on the Durbin Amendment. A lot of what I’ve seen makes me wonder whether these folks should turn in their analyst licenses and simply register as paid lobbyists for their big...
The dramatic vote on the Durbin amendment is causing panic, again, among retail bankers – who were last shocked by the Fed’s overdraft ruling. I wrote about that in November (Watch Out! Big Changes in Retail Bank Pricing Are Coming). I think the underlying problem...
Last week’s announcement by TSYS of its new hybrid card marks the latest application of the decoupled debit technology first made popular by Capital One in 2007 (though arguably pioneered by PayPal some years before in an online, non-card form). In fact, depending...
