-
The battle over a provision to regulate interchange rates on debit cards heated up Monday as Sen. Richard Durbin, D-Ill., released a report backing his position, and two House lawmakers launched an offensive to remove it.
June 14 -
Saving Treasury $39 million a year on interchange fees, when the country is running trillion dollar deficits, is hardly justification for destroying the competitiveness of America's community banks.
June 15 - PSO content
I have always felt that these organizations (the banks, networks and card brands) were "synched up" on pricing, thus the decades old process of pricing changes coming out at the same time and being virtually the same ["Durbin Warns Senate Subcommittee of Possible Visa and MasterCard Antitrust Violations," June 9, 2010].
June 15
It’s too bad that the government does not understand that PIN debit interchange can be negotiated now, between it and a selected network ["
Birds do it, bees do it, even folks from Bentonville, AK do it. Why can't Uncle Sam.
On the credit side, I'm afraid its the irressitable force (Uncle Sam) against the immoveable objects (Visa and MC). It will be an interesting battle to watch.
Wade Griffith
Chief information/technology officer
AmericanWest Bank
Spokane, Wash.
