Community Banks on Durbin Amendment: “No Thanks!”
The same groups that Senator Durbin and big box retailers claim would be the beneficiaries of their proposed amendment, such as small banks and consumer advocates, are now joining in opposition of the...
View ArticleState Treasurers Highlight Another Main Street Victim of Durbin Amendment:...
Many of you have viewed our Currency of Progress video focusing on the benefits the government and citizens of Nebraska have seen through their use of Visa prepaid cards. The video shows first-hand how...
View ArticleUnlikely Bedfellows Unite Against Durbin Amendment
Q: What do the following individuals and groups have in common? Hip hop mogul Russell Simmons The Christian Science Monitor State Treasurers from Nebraska, New Mexico, Maryland, Georgia, South Dakota,...
View ArticleDigital Currency Saves US Taxpayers Billions of Dollars (But Don’t Just Take...
The next development in the Durbin Amendment saga will be a hearing tomorrow in Washington, DC to discuss ways to save money for the United States taxpayer. Well – on this particular point – Visa...
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A Few Thoughts About Australia
The word “Australia” is often invoked during the current U.S. interchange debate, and with good reason. With a large economy and a sophisticated payment industry, it illustrates the potential...
View ArticleSenator Dodd: Debit interchange proposals “maybe one where the Fed is...
Senator Chris Dodd has joined Congressman Barney Frank in expressing concern about the debit-related provisions in the sweeping legislation that bears their names. In an interview with the Wall Street...
View ArticleVisa to Testify at First Hearing on the Debit Price Control Legislation
Today, Visa’s General Counsel Josh Floum will testify on the debit card regulation provisions of the Dodd-Frank Act before the House Financial Services Subcommittee on Financial Institutions &...
View ArticleWashington, D.C. ALERT! Bernanke Weighs in on Small Bank Carve Out of Debit...
There’s a very busy agenda in Washington, D.C. today for the payment industry as it attempts to draw attention to the unintended consequences of the debit provisions of the Dodd-Frank law. In addition...
View ArticleDiverse Organizations Sound Alarm on Debit Price Controls
What do the National Education Association (NEA), NAACP and Wall Street Journal have in common? All three are unified in their concern about the negative impact debit price controls (A.K.A. the Durbin...
View ArticleVisa Inc. Responds to Hurricane Sandy
Hurricane Sandy was a storm of historic scale that is disrupting the lives of millions of people. Our thoughts are with those impacted as they manage through this difficult time. As part of our ongoing...
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