Debit routing - once again, all the rage.
On July 1, 2023, the US Federal Reserve’s clarification on Reg II went into effect. The clarification confirms that Reg II - which required unaffiliated debit network routing as part of the Durbin Amendment - also applies to CNP environments.
What were we thinking in 2015 when debit routing at POS, contactless payments, and chip and PIN were “of the moment”? What lessons can we glean from a conversation then that apply now? We’ve pulled Episode 16 from our vault to find out.
We hope you enjoy this far-reaching discussion that moves from some EMV fundamentals to the implications of having a long tale of adoption, how consumer behavior and payment capabilities have to evolve in concert, and the reaction of fraudsters when things change in large, complex environments like the card system.
And stay tuned for our next episode where we welcome EMVCo to the show to see what they are up to these days and take a peak over the horizon.
Sensibill - Redefining Digital Receipts for FIs
Machine Learning in Fraud Management
Biometrics, Big Data, and Tossing the Password
The Merchant's Challenge with Chargebacks
Shoptalk Conference 2016
A Large Merchant's Focus on its Payments Strategy
Data Analytics, Lending, and the Next 100 Million Borrowers
On Internet Money - Talking Circle.com with Jeremy Allaire
Expanding the Smart Card's Role
Bitcoin 3.0 - Permissioned Blockchains
Networks Put Their Money on Checkout for Mobile
Interchange Regulation Comes to Europe
Faster Payments in the US
Who Are You, Really? - FIDO's Biometric Authentication
What's Next for EMV - Beyond the Liability Shift
PoF 26 - Maybe It's 3D Secure, After All
PoF 25 - Directory Service for Virtual Currencies
PoF 24 - EMV, the Small Business, and New Ways to Pay
PoF 23 - What's Up with HCE - Talking with inventor Doug Yeager
PoF 22 - Ethoca and the Power of Data Collaboration
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