On the web:
- Visa, MasterCard Fire Back on Card Fees - Wall St. Journal - "The world's largest payment networks asked a federal judge Friday to rule that their practices for setting fees paid by merchants that accept credit and debit cards aren't anticompetitive..."
- Rejecting $7 Billion Deal, Retailers Sue Visa and MasterCard - American Lawyer - includes link to the complaint.
- Credit Union: Bitcoin's New Best Friends? - IEEE Spectrum - "Assuming they get approval from their lawyers and regulators, Modell says the Internet Archive Federal Credit Union would like to help both the people who are setting up bitcoin exchanges and those who want to do business with them…"
- Surety Bond FAQ’s for Bitcoin Exchangers and Administrators - MSB Talk - "Since the Bitcoin 2013 conference, I have been bombarded with questions regarding surety bonds."
- Google Enters the P2P Fray, and It's a Good Thing - Fiserv's Point Blog - "As P2P payments rise in the national consciousness, it's time for financial institutions to make their move."
- MasterCard Prepares to Offer PayPass on Embedded Chips in Samsung NFC Phones - NFC Times - "The embedded chips would enable banks or other service providers to avoid working with mobile operators…"
- Apple now allowing Paypal payment for Apple Store purchases (in Germany) - TUAW
- Kenyans Find the Unintended Consequences of Mobile Money - BusinessWeek - "Adopting mobile money, however, is not as straightforward as substituting a phone account for cash in a jar."
On the wires:
- NACHA Issues Position Statement Supporting Use of Expanded Federal Reserve Same-Day ACH Service - "NACHA encourages financial institutions to adopt the Fed service as a stepping stone to a broader, more ubiquitous offering in the future…"