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Amex's Rules Prevent Discover Rate Reductions: Discover Exec

American Expressí network rules have deterred Discover from using lower interchange rates to lure more merchants, a high-ranking Discover executive testified in federal court July 10.

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Merchants and consumers are more mindful of security than ever, but there is still much work to be done to educate them on how to protect account data and prepare for the shift to EMV-chip cards. Fortunately, the industry has help. The ETA, which recently appointed Wells Fargo exec Debra Rossi as its president, is welcoming more technology companies to its ranks to help members adapt to the shifting competitive landscape.