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 158 - The High Pain of Push Payment Scams - PJ Rohall, Featurespace
Episode 157 - Experts Deep Dive on Financial Health and Inclusion
Episode 156 - How to Make Financial Health a Reality - Mimi Joy, Financial Health Network
Episode 155 - Enabling Payments Operations and the Multiplayer Fintech Ecosystem - Dimitri Dadiomov and Rachel Pike, Modern Treasury
Episode 154 - Fighting Disruption in Merchant Services with Payments Tech - Kyle Pexton and Nick Starai, NMI
Episode 153 - How to Make B2B Payments in a Few Lines of Code - Brady Harris and Adam Steenhard, Dwolla - Payments on Fire® Fintech Series
Episode 152 - The Fast Payments Imperative - Elizabeth McQuerry, Glenbrook and Craig Ramsey, ACI Worldwide
Episode 151 - The Fintech Network Built for SMB Payments - Marwan Forzley, Veem
Episode 150 - How a Fintech Speeds the Logistics Industry - Robin Gregg, RoadSync
Episode 149 - Bringing Data to Secure A2A Transactions - Eli Polanco, Nivelo
Episode 148 - The Fintech Bringing Crypto and Diem to Payments Users - Ran Goldi, First
Episode 147 - The Apps of the Card World: Closed Loop Prepaid - Dom Morea, Fiserv
Episode 146 - Multiplayer Fintech Builds a Winning B2B Service - Robin Gandhi, TripActions
Episode 145 - GPay's Impact on Every Stakeholder: Way More Than a Wallet - Steve Klebe, Google
Episode 144 - Innovation in Fast Money: 4th Annual RTP Network Update - Steve Ledford, The Clearing House
Episode 143 - The Buy Now Pay Later Challenge to Credit Issuers - Chris Bixby, Sezzle - Payments on Fire® Fintech Series
Episode 142 - Don’t Miss Out on Faster Payments, The Next Big Shift in Digital Payments - Russ Jones, Glenbrook Partners
Episode 141 - The Data Driven Money Supply Chain - Keith Smith, CEO, Payability - Payments on Fire® Risk Series
Episode 140 – Finding Fraudsters at the Front Door - Robert Capps, NuData Security - Payments on Fire® Risk Series
Episode 139 - Building Digital Infrastructure for Small Business - Barry McCarthy, Deluxe
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