Who Wins If the Debit Fee Cap Limit Gets Raised?
More than a decade after the Dodd-Frank Act redrew the regulatory boundaries of the banking industry, two Republican senators are seeking to revisit one if its key thresholds—a move that could steer millions in additional debit card revenue to community banks, credit unions, and their fintech partners. According to Bloomberg, the legislation, introduced by Sens. […]
After FanDuel Cuts Credit Cards, Stored-Value Accounts Take Center Stage
Using debt to fund gambling activities is a highly risky proposition, even more so when transaction fees are involved. That’s why online betting giant FanDuel will no longer allow customers to fund accounts with credit cards. The ban will apply to the company’s U.S. sportsbook, casino, and racing segments and follows mounting industry pressure and […]
Fighting Fraud in the Era of Faster Payments
The Iron Triangle of Service suggests that a product can be good, fast, or cheap—but not all three. That adage has taken on new meaning in the world of instant payments, where speed has often come at the expense of fraud detection. Is it possible to deliver payments that are both fast and secure, or […]