Payments News Update – February 11, 2021
Legal and Regulatory Developments
SPOTLIGHT: Big Banks, Big Tech Face off Over Swipe Fees
American Banker – February 7, 2021
The fees generated from consumers’ debit card spending have long been a source of acrimony between big banks and retailers. But now the banks have a new adversary: Apple, PayPal and other fresh competitors from the tech industry. In recent months, banking heavyweights have sought to...