Total dollar volume on Discover Financial Services’ networks increased 2% in the fourth quarter to hit $80.2 billion versus $78.8 billion a year earlier, but results varied among the company’s payment operations. Riverwoods, Ill.-based Discover reported Tuesday that the Discover credit card unit posted proprietary volume of $34 billion, up …

• More than 100 new merchants have signed a letter to U.S. House of Representatives leaders, bringing the total to 768 since the letter began circulating in November, urging them not to repeal the Dodd-Frank Act’s Durbin Amendment, which put a cap on debit card interchange and set debit transaction-routing requirements. Dodd-Frank is …

Generally, the prospects for overweening regulation and lawless intervention are dimmer, and that’s a good thing. A healthy and innovative financial-services and payments industry is vital for economic growth. Yet, for the last eight years, Washington’s boot has been on its throat. It’s been battered by the Card Act, Dodd-Frank …

This month, the nation bids adieu to the Obama Administration and ushers in the administration of Donald Trump. The new President is promising sweeping change, and he will have at least four years to bring it about. He’s likely, though, to begin wielding the broom on his first day in …

With Republicans now in full control of Washington, big changes could be in the offing for laws and regulations affecting electronic payments. But then again, maybe not. Some say he’s a nominal one, but incoming President Donald Trump officially is a Republican, and when he’s inaugurated Jan. 20 he’ll be …

The wrangling over debit card transaction routing heated up last month as Visa Inc. disclosed the Federal Trade Commission is investigating the network’s EMV routing practices. And the Federal Reserve earlier in November posted guidance about EMV debit routing that, according to eight retailer trade groups, was issued in response …

Visa Inc. disclosed Tuesday that it has modified its chip debit card transaction-routing policies in the wake of the increasing governmental scrutiny the largest payment card network’s routing practices have attracted since EMV chip cards took hold in the U.S. beginning last year. A key change assures merchants that they …

By Jim Daly@DTPaymentNews The Federal Trade Commission is investigating Visa Inc.’s practices involving EMV debit card transaction routing, Visa disclosed Tuesday. And the Federal Reserve earlier this month posted guidance about EMV debit routing that, according to retailer trade groups, was issued in response to their objections to Visa’s practices …

• The Federal Reserve posted a notice that a payment network violates the debit card transaction-routing requirements in its rule implementing the Dodd-Frank Act’s Durbin Amendment if the network requires a merchant to allow a cardholder to choose an application that routes to only one network during an EMV debit card purchase. …

By Kevin Woodward@DTPaymentNews The impact of a Donald J. Trump presidency on the payments industry may not be known in concrete terms yet, but speculation suggests a fair number of moves meant to take some of the sting out of regulations. Republican Trump handily won the Electoral College vote Tuesday, …