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Amex Planning 'Lengthy' Fight Against Antitrust Suit
American Express is planning for a protracted legal battle with the Justice Department in order to defend its ability to structure merchant contracts as it sees fit, company officials said March 25.
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The New Jersey Assembly is weighing whether to pursue legislation that would make the state a haven for digital currency businesses. more »
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Howard Schultz, chairman, president and CEO of Starbucks
The Starbucks gift card is the foundation the coffee chain's mobile and rewards strategy, and for good reason. In 2013, one in eight Americans received a Starbucks gift card as a holiday gift. In 2014, it was one in seven. more »
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For U.S. banks, the days of playing defense with respect to the billions of dollars they collect when consumers swipe their debit cards may finally be over. more »
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Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations. more »
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Bitcoin adopters in Ohio have been some of the most vocal about how state laws need to evolve to encourage the use of digital currency, but the Ohio government seems to want that change to come from the courts rather than the legislature. more »
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Real Donkeys, a donkey ride company that operates in Blackpool in the U.K., has added Barclaycard contactless payment technology to one of its saddles. more »
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A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's recent cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act. more »
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SmartMetric Inc., a maker of biometric smart cards, failed in its appeal of a court decision saying Visa Inc. and MasterCard Inc. don't infringe a patent for credit and debit cards containing chips. more »
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In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies. more »
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American Express has hired Laureen Seeger as its new general counsel. more »
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New York Attorney General Eric Schneiderman announced his support for a proposal in the state legislature to regulate prepaid debit cards used by employers to pay wages. more »
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Merchants seeking a court ruling that would cause the Federal Reserve Board to re-establish debit cap fees at a lower rate want more time to consider bringing the case to the Supreme Court. more »
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