Payment Systems - NATSO

05-02-2017 by NATSO House Committee to Consider Legislation Repealing Debit Fee Reform

The House Financial Services Committee is scheduled to meet today May 2 to consider legislation that would roll back many of the reforms contained in the Dodd Frank Wall Street Reform Act, including the so-called Durbin Amendment, which implemented much-needed debit reforms. The legislation is likely to be approved by the Committee, setting up the potential for the full House of Representatives to consider the legislation in the coming weeks.

05-02-2017

04-26-2017 by NATSO House Committee Hearing Today on Financial Choice Act

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) will hold a hearing today to discuss the Financial Choice Act, which contains a provision to repeal the debit card swipe fee reforms implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Payment Systems

04-26-2017

04-12-2017 by NATSO Rep. Hensarling to Introduce Legislation to Repeal Durbin Amendment

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) is expected to introduce legislation before the end of this month that would repeal debit card swipe fee reform, commonly known as the Durbin Amendment.

04-12-2017

02-13-2017 by NATSO Retailers Push to Protect Debit Fee Reform

More than 900 members of the retail community including NATSO members urged Congress to refrain from taking up legislation that would repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

02-13-2017

01-13-2017 by NATSO Retailers Urge Congress to Protect Debit Fee Reform

More than 760 members of the retail community including NATSO members urged Congress to refrain from taking up any legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

Payment Systems

01-13-2017

01-04-2017 by NATSO NATSO Members Urged to Sign Letter Opposing Repeal of Swipe Fee Reform

NATSO has learned that U.S. Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, is expected as early as next week to introduce legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.”

01-04-2017

12-02-2016 by NATSO Dispenser EMV Liability Shift Delayed

Visa and Mastercard announced Dec. 1 that they will delay the U.S. domestic automated fuel dispenser (AFD) EMV activation date from Oct. 1, 2017, to Oct. 1, 2020. Visa said the EMV liability shift at ATMs will still take effect as planned on Oct. 1, 2017.

Payment Systems

12-02-2016

12-02-2016 by NATSO NATSO Urges Congress to Reject Draft Data Security Bill

NATSO joined nine trade associations representing over 1 million businesses in urging Congress to oppose efforts to impose unfair and burdensome data security and breach notification standards on retailers.

Payment Systems

12-02-2016

11-21-2016 by NATSO NATSO Members Oppose Debit Reform Repeal

More than six hundred businesses, including multiple NATSO members, wrote to Congress to oppose efforts to repeal the “Durbin Amendment.” As NATSO members are aware, the Durbin Amendment was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and reformed the anti-competitive debit card market by placing caps on interchange fees in debit swipe transactions.

11-21-2016

09-14-2016 by NATSO House Committee Passes Legislation Repealing Debit Fee Reform

In a thoroughly disappointing development for retailers and consumers alike, the House Financial Services Committee approved legislation on Sept. 13 that would, among other things, repeal the debit fee reform legislation known as the Durbin Amendment. It passed on a party-line vote, with all-but-one Republican on the Committee voting for the legislation repealing the Durbin Amendment, and all Democrats voting against it.

Payment Systems

09-14-2016

09-11-2016 by NATSO Rep. Hensarling Introduces Repeal of Durbin Amendment

Debit card reforms have been a major step in the right direction and any removal of those reforms would be a monumental step in the wrong direction for U.S. businesses and consumers.

Payment Systems

09-11-2016