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Breaking News articles for July 2024

Lawmakers tell Fed to do more for faster payments

Thursday, July 18, 2024

A group of lawmakers wants the Federal Reserve to do more to support faster payments. As it stands today it can sometimes take days for a payment can result in good funds for the recipient.

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MWAA is right around the corner

Wednesday, July 17, 2024

The Midwest Acquirers Association is gearing up for its 22nd annual conference, set to take place next week, Wed. and Thurs., July 24 and 25, 2024, at the Chicago Marriott Magnificent Mile.

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Discover, merchants propose class-action settlement

Tuesday, July 16, 2024

Visa and Mastercard are not the only card brands that have squared off with merchants over pricing. Discover Financial Services just revealed a proposed $1.2 billion settlement agreement in a class-action lawsuit filed on behalf of merchants and acquirers who claim they were overcharged by the company.

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Green Sheet interviews Bluefin's Ruston Miles on processor diversity

Monday, July 15, 2024

The Green Sheet recently had the opportunity to connect with Ruston Miles, who co-founded Bluefin in 2007 with the core belief that a brand’s value is ultimately tied to its ability to deliver a secure, yet frictionless, customer experience. In this interview, Miles shares his views on the benefits of working with multiple processors and drawbacks to relying on just one processor.

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Discover offers fee-free overdraft protection

Thursday, July 11, 2024

Discover Bank is now offering its Cashback Debit customers more spending power. The company just launched fee-free overdraft protection on its debit cards. Called Balance+, the new feature is available for everyday debit card transactions made by Cashback Debit customers.

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Fintech leaders in UK weigh in after Labour's victory

Wednesday, July 10, 2024

Following the July 5, 2024, announcement of Labour's victory in the UK General Election, several fintech executives shared their insights on the implications for doing business in the UK. This significant political shift comes at a critical time for various industries, particularly fintech, which has been a burgeoning sector in the UK economy.

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Target says no to checks

Tuesday, July 9, 2024

Checks may not be dead, but soon there will be fewer places where consumers can write checks at the point of sale. The national retailer Target decided it will no longer accept personal checks from customers beginning July 15, 2024.

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GS interviews Ingenico's Mark Bunney on global shift to cashless

Monday, July 8, 2024

In a recent interview, Mark Bunney, strategic marketing, director NAR for Ingenico, about a sharp acceleration in the adoption and usage of cashless transactions across the globe. Bunney shared perspectives on the contributing factors to this shift, its potential benefits and more.

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SCOTUS deals blow to Fed in debit interchange challenge

Wednesday, July 3, 2024

The U.S. Supreme Court gave the green light allowing a North Dakota merchant to sue the Federal Reserve over debit card interchange caps, even though the merchant did not open for business until the statute of limitations on such lawsuits had expired.

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Study finds 37% of Americans can't meet unexpected expenses over $400

Tuesday, July 2, 2024

A recent study by Empower revealed a concerning financial trend among Americans: 37 percent of the population is unable to cover an unexpected expense exceeding $400. This finding underscores a broader issue of financial instability, with nearly a quarter (21 percent) of Americans lacking any emergency savings at all.

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Will Pennsylvania follow Illinois, exempt sales tax from interchange?

Monday, July 1, 2024

Pennsylvania is taking a page out of the Illinois tax book with a proposed new law that would ban interchange from being assessed on the tax portion of retail purchases. The new Illinois law, which will take effect July 1, 2025, is the first of its kind in the nation.

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