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Read More »S1 Spurns Takeover Offer from ACI, But ACI Says It Won’t Back off
n As it did July 26 when it announced its takeover offer for S1, ACI also said it is “prepared to do what is necessary to make this [transaction] happen.” The ACI statement did not elaborate. Some observers speculate the Elkhorn, Neb,-based software company will return with a sweetened …
Read More »Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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Read More »Visa Outlines New Fee Structure To Defend Its Debit Business
As Visa Inc. moves into the post Durbin-era, the debit card market leader plans to offer a fixed network participation fee and reduce its variable processing fee for Visa debit products in the United States. Executives expect the new fee structure will make Visa a more viable alternative to competing …
Read More »PayPal Will Process POS Payments for up to 20 Merchants in 2012, eBay Chief Says
PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …
Read More »Blaming the Fed’s Durbin Rule, Tempo Payments Prepares to Shut Down
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Read More »Looking Ahead: Fed’s Rule Will Complicate Debit Game for All Players
n It also raises as many questions as it answers. n He refrained from speculating on what changes might be made, but the panel agreed the Fed’s room for maneuver is constrained by Congress. The Fed’s rule implements the Durbin Amendment to the Dodd-Frank Act, passed by Congress last …
Read More »Visa Will Defend Its PIN-Debit Business in the Post-Durbin World
Visa Inc. is bracing itself to lose some PIN-debit transaction volume in the newly regulated U.S. debit market, but the industry leader says it is ready to meet any challenges from competitors. “I still believe that we’re in a better position to compete in this environment than anyone else,” executive …
Read More »With the Fed’s Debit Rule in Place, Anti-Durbin Crusader TCF Throws in the Towel
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Read More »Reviews Are in on Fed’s Final Debit Rule: Thumbs Down from Both Retailers And Banks
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