Debit Cap Suit Can Proceed and other Digital Transactions News briefs from 7/1/24

The U.S. Supreme Court ruled a lawsuit challenging the Federal Reserve’s 2011 debit card cap as too high can move forward. The suit, brought in 2021 by a North Dakota truck stop, had been opposed by banks as having been filed too late.
Downloads of digital-identity apps will grow 126% worldwide, from 2.3 billion this year to 5.2 billion by 2029, according to a report from Juniper Research.
The worldwide self-service kiosk market will grow at a 14.17% compound annual rate over the next four years, to $10.67 billion in revenue in 2028, driven in part by rising adoption of contactless payments, according to a study from Technavio.
Cwallet, a cryptocurrency app, launched a feature to allow users to buy gift cards from major brands using digital currency. Supported brands include Apple, Amazon, Spotify, Roblox, Minecraft, Steam US, and EA Games.
In related news, blockchain-technology platform CryptoSafe Ltd. has launched Safe Pay, aimed at supporting secure crypto payments for businesses.
The Technology Association of Georgia Hall of Fame announced its inductee for 2024 is Barry McCarthy, president and chief executive of processor Deluxe Corp.
Sapan Shah, head of acceptance for Asia Pacific for Mastercard Inc., has been appointed to the newly formed advisory board at Pomelo Group, a payments-technology firm based in Singapore.

Digital Transactions Authoritative, insightful and timely information for payments professionals