C|C Payments Blog

Payments News Update – October 3, 2025

Legal and Regulatory Developments SPOTLIGHT: Technology Could Make Payments Cheaper: Waller Payments Dive – September 30, 2025 Stablecoins and distributed ledger technology could make payments cheaper and more efficient and shouldn’t be feared, Federal Reserve Board Governor Christopher Waller said Monday in a speech. “Let us remember that this is not a new story and that we should not fear new...

Payments News Update – September 26, 2025

Legal and Regulatory Developments SPOTLIGHT: Payment Players Offer Fraud Fixes Payments Dive – September 23, 2025 Companies battling payments fraud need better information- and data-sharing, enhanced consumer education and help from telecommunications and social media companies, according to suggestions this month in response to a federal call for ideas to tackle the problem. Those were among the...

Payments News Update – September 19, 2025

Legal and Regulatory Developments SPOTLIGHT: US Judge Upholds Fed’s Debit Card 'Swipe Fees' Rule, in Split With Other Court Reuters – September 15, 2025 A U.S. judge on Monday upheld the Federal Reserve’s “swipe fees” regulation that caps the amount banks charge merchants for processing debit transactions, a win for the board after a different federal judge last month reached the opposite conclusion...

Payments News Update – September 12, 2025

Legal and Regulatory Developments SPOTLIGHT: Sorting Winners From Losers in Debit Digital Transactions Magazine – September 1, 2025 With merchants prevailing in their long-running legal battle to overturn debit rate caps set by the Federal Reserve, the largest debit card issuers could wind up the biggest losers, while Capital One Financial Corp. emerges as the big winner. U.S. District Court for the...

Payments News Update – August 29, 2025

Legal and Regulatory Developments SPOTLIGHT: Visa Abandons Open Banking in US as Data-Access Debate Rages Bloomberg – August 22, 2025 (subscription may be required) Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer information, according to people familiar with the matter. The payments company has closed...

Payments News Update – August 22, 2025

Legal and Regulatory Developments SPOTLIGHT: CFPB Seeks Comments for New Open Banking Rule Payments Dive – August 21, 2025 The Consumer Financial Protection Bureau posed several questions Thursday about open banking, including who may represent consumers and who should cover the costs incurred in sharing data with fintechs that seek to supplant banks in providing financial services. The bureau filed notice...

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...