Operation Choke Point is a coordinated effort by the Department of Justice (DOJ) in conjunction with the Federal Trade Commission (FTC) and the Federal Deposit Insurance Corporation (FDIC) to hold financial institutions and their payment processor partners responsible for allegedly illegal acts committed by merchants and other third-party payees.
Post Tagged with: "electronic payments"
Here’s a data point that deserves notice: PIN debit volume in the US spiked 6.7% last month. Yes, you read that right, 6.7%. With growth rates like that, PIN debit could finally hit the big time in this nation sooner rather than later. That growth rate was October was healthyRead More