Post Tagged with: "Durbin"

USA – world’s largest closed loop payments system?

by October 1, 2013 at 9:13 pm 3 comments

Last year the US contributed close to 20% of the world’s GDP despite coming off the back of the biggest economic downturn since the 1930’s Great Depression. The US, UK, Germany, Russian and CIS States, and China dominate the world’s payment landscape currently, but in volume of non-bank payments the US dominates withRead More

Did Social Media Cause Big Bank About-Face?

Did Social Media Cause Big Bank About-Face?

by October 31, 2011 at 11:13 pm 0 comments

A month after Bank of America and other large banks announced the levying of a monthly debit fee for debit card use, virtually all of the big banks that were either testing or had implemented a debit fee have backed off of their plans amid a groun…