Judge Grants Partial Injunction in Illinois Interchange Fee Case
A judge in Illinois’ Northern District has determined that challenges to a law aimed at banning credit and debit interchange fees on taxes and tips may have merit. The Illinois Interchange Fee Prohibition Act (IFPA), passed last summer, is set to take effect this July. However, in August, the Illinois Bankers Association, American Bankers Association, […]
Modern Payment Solutions Are Fueling the Globalized Economy
As businesses increasingly engage in global transactions, modern cross-border payment solutions allow them to enhance speed and efficiency, generate cost savings, improve cash flow, and expand their reach. Local banks can play a crucial role in addressing these needs by providing faster, more reliable payments with blockchain. However, these benefits have not reached every corner […]