- Will Proposed Interchange Legislation Actually Help the Prepaid Debit Card Industry?
The regulation of debit card interchange fees in the U.S. took a step closer to reality this week with the Senate’s passage of Senator Durbin’s “Interchange Fee Amendment” as part of the “Restoring American Financial Stability Act of 2010″. Regulation of interchange is a hotly contested topic, and the amendment is sure to meet with opposition in the House from the financial services industry in general and Visa (NYSE: V) and MasterCard (NYSE: MA). But does the Interchange Fee Amendment actually help the prepaid debit card industry?
- Visa Prepaid Growth Continues
Visa, Inc. (NYSE: V) announced their financial results for the Company’s fiscal second quarter 2010 (which ended March 31, 2010). Visa showed strong earnings growth, and their prepaid and debit transaction growth continues.
- ePassporte Cards: Prepaid Debit Card Issues
One popular usage scenario for prepaid debit cards is as a mechanism to transfer payments or fees to independent contractors, including independent contractors overseas. One of the biggest card programs in this category is ePassporte. ePassporte users got a big shock this week when they found that Visa International suspended the Visa program of ePassporte’s banking partner (St. Kitts Nevis Anguilla National Bank).
- Where to Get Olympic Visa Gift Cards
The 2010 Winter Olympics are right around the corner. Once again, Visa (NYSE:V) is the official payment card of the Olympics. A big part of Visa’s 2010 Winter Olympic Games promotion include prepaid gift cards. We take a look at the different card designs and where to get them.
- The Battle Over Interchange: Both Sides of the Durbin Amendment
The battle over interchange is heating up in Washington thanks to the last minute adoption of the “Durbin Amendment” to the “Restoring American Financial Stability Act of 2010″. The amendment (also known as the “Swipe Bill” or the “Interchange Amendment”), if enacted in its current form, would provide the Federal Reserve with the authority to establish rules and regulations governing the interchange fees that issuers and payment card networks could charge for certain debit card transactions.
Visa, Inc. connects cardholders, merchants and financial institutions around the world with products and services that make payments more convenient and more secure.
Visa is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks. Visa is dedicated to providing merchants, issuers and cardholders with a highly flexible prepaid product platform to ensure the effectiveness, growth and success of the next generation of prepaid products. This includes a strategic vision, a sensible market segmentation approach, multiple products and a powerful infrastructure.
