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.
Episode 198 - The Rapid Rise and Bright Future of Pix with Carlos Brandt, Head of Management and Operations for Pix at the Central Bank of Brazil - Pix Series #3
Episode 197 - The Core Processor's Perspective with Carlos Netto and Sarah Hoisington, Matera - Pix Series #2
Episode 196 – Fanning the Flames: PaymentsPost #2
Episode 195 - Fast Payments Reach a Transformative Stage - Pix Series #1
Episode 194: Fanning the Flames: Fast Payments, Digital Currencies and Fraud - Recent Conference Updates
Episode 193 - Fanning the Flames: Help! Am I becoming a Fintech?
Episode 192 - The Rising Value of Rich Account Data with George Throckmorton, Nacha
Episode 191: Fanning the Flames: A Year in Travel - Jordan
Episode 190: Fanning the Flames: A Year in Travel - French Polynesia
Episode 189: Fanning the Flames: A Year in Travel - Singapore
Episode 188: Fanning the Flames: A Year in Travel - Turkey & Ethiopia
Episode 187 - Fanning the Flames: A Year in Travel - Brazil
Episode 186 - Data Security and Privacy with Michael Borgia, Davis Wright Tremaine
Episode 185 - Fanning the Flames: Glenbrook Education Program
Episode 184 - Talking ACH with Michael Herd, Nacha
Episode 183 - Fanning the Flames: Money20/20 Recap
Episode 182 - Steering the Fintech through Regulatory Waters - Cameron Peake, Restive Ventures
Episode 181 - Michael Steinbach, Worldline
Episode 180 - Fanning the Flames: Money20/20 Preview
Episode 179 - Understanding US Payment Regulation with Jennifer Aguilar, Alston & Bird LLP
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