C|C Payments Blog

Payments News Update – August 15, 2025

Legal and Regulatory Developments SPOTLIGHT: NY Sues Early Warning Over Zelle Fraud Payments Dive – August 13, 2025 New York Attorney General Letitia James filed a lawsuit Wednesday against Early Warning Services, alleging that the bank-owned payments company allowed fraud on its Zelle network for several years, costing consumers more than $1 billion in losses. The complaint, in New York state court, said...

Payments News Update – August 8, 2025

Legal and Regulatory Developments SPOTLIGHT: Fed’s Debit Card Swipe Fee Rule Tossed in Win for Retailers Bloomberg Law – August 7, 2025 Retailers won a key legal battle over debit card swipe fees after a federal judge determined the Federal Reserve went beyond what Congress allowed in setting rules more than a decade ago. Lawmakers only permitted banks to charge retailers interchange fees that would...

Payments News Update – August 1, 2025

Legal and Regulatory Developments SPOTLIGHT: New Zealand Plans to Scrap Card Payment Surcharges Reuters – July 28, 2025 (subscription may be required) The New Zealand government on Monday proposed to ban surcharges on most in-store payments made using debit and credit cards from May next year, a move it said could save roughly NZ$150 million ($90.2 million) for Kiwi consumers. The plan follows the decision...

Payments News Update – July 25, 2025

Legal and Regulatory Developments SPOTLIGHT: CFPB Official Questions JPMorgan Fees for Customer Data Access Bloomberg Law – July 18, 2025 At least one political appointee at the Consumer Financial Protection Bureau is raising concerns about fees JPMorgan Chase & Co. plans to charge data aggregators and financial technology companies for accessing customer data. The official, in conversations with...

Payments News Update – July 18, 2025

Legal and Regulatory Developments SPOTLIGHT: Australia Looks to Scrap Surcharges on Most Card Payments Reuters – July 15, 2025 Australia's central bank on Tuesday proposed to scrap surcharges on most debit and credit card payments for consumers while lowering interchange fees paid by businesses, steps it estimated would save the two groups around A$2.4 billion ($1.57 billion) a year. In a consultation...

Payments News Update – July 11, 2025

Legal and Regulatory Developments SPOTLIGHT: Appeals Court Voids FTC’s ‘Click to Cancel’ Rule Just Before It Starts The Hill – July 8, 2025 The Federal Trade Commission’s (FTC) “click-to-cancel” rule was struck down by an appeals court on Tuesday, just days before it was set to take effect. The rule, announced in October 2024, would have required sellers to make it “as easy for consumers to...

Payments News Update – July 3, 2025

Legal and Regulatory Developments SPOTLIGHT: Mastercard, Visa's Merchant Fees Breach Competition Law, UK Tribunal Rules Reuters – June 27, 2025 Global payments processors Visa and Mastercard's default multilateral interchange fees which are charged to retailers infringe competition law, a London tribunal ruled on Friday in the latest round of the long-running legal saga. London's Competition Appeal...

Payments News Update – June 27, 2025

Legal and Regulatory Developments SPOTLIGHT: Visa Loses Bid to Toss DOJ Debit Lawsuit Payments Dive – June 25, 2025 A federal judge in New York rejected Visa’s effort to dismiss the Justice Department’s 2024 lawsuit alleging that the card network operates an illegal monopoly in the debit card market. Visa’s request amounts to “the premature resolution of factual issues” at an early stage in the...

Payments News Update – June 20, 2025

Legal and Regulatory Developments SPOTLIGHT: Illinois Delays Interchange Fee Law Payments Dive – June 17, 2025 Illinois Gov. JB Pritzker has delayed implementation of the Illinois Fee Prohibition Act, a first-in-the-nation law that aims to ban card issuers and their networks from charging merchants interchange fees on taxes and tips when consumers pay with credit and debit cards. Pritzker, a Democrat,...

Payments News Update – June 13, 2025

Legal and Regulatory Developments SPOTLIGHT: Is Cash Legislation Making a Comeback? ATM Marketplace – June 10, 2025 Cash has certainly taken multiple hits over the years, due in no small part to COVID-19 and increasing usage of other payment options. In addition, with many businesses considering going cashless, both the ATM industry and other groups have raised concerns over the years of cash users being left...