Oct 1, 2024
John and Glen explore the machinations of the Interchange Fee
Prohibition Act, the potential impacts that extend well beyond
Illinois, and how it could alter prospects for the Capital
One/Discover merger. Also- initial thoughts on the DOJ’s antitrust
suit against Visa’s debit business, and a gratuitous swipe at
Ticketmaster.
Links related to this episode:
Glen’s blog on the Interchange Fee Prohibition Act: https://www.big-fintech.com/Media?p=a-state-of-confusion-interchange-battles-move-closer-to-home
Our August interview with the Illinois Credit Union League on the
topic: https://www.big-fintech.com/Media?p=ill-communication-on-illinois-interchange
The ICUL’s press release explaining the recently filed lawsuit:
https://www.icul.com/news/icul-news/bank-and-credit-union-groups-join-forces-to-challenge-new-illinois-law-restricting-interchange-fees/
Thoughts on the Capital One/Discover merger from back in February:
https://www.big-fintech.com/Media?p=the-capital-onediscover-deal-a-test-of-typical-battle-lines-and-a-credit-union-angle
AP News’ reporting on the DOJ’s antitrust lawsuit against Visa:
https://apnews.com/article/visa-antitrust-justice-department-debit-card-fees
Payments Dive’s take on Visa’s partner agreements that may have
spurred DOJ action: https://www.paymentsdive.com/news/visa-debit-credit-card-network-stymied-fintech-payments-competition/728033/
Find us on X and BlueSky at @bigfintech, @jbfintech and
@154Advisors
You can also follow us on LinkedIn:
https://www.linkedin.com/company/best-innovation-group/
https://www.linkedin.com/in/jbfintech/
https://www.linkedin.com/in/glensarvady/