SRM's experts spent much of 2023 tracking emerging developments in technology, regulation, and general trends in the financial markets.
Evolving Payments Landscape and Rise of AI Were Top of Mind in 2023
Topics: Payments, Vendor management, AI, Artificial Intelligence, Deposits, Regulation, liquidity, Interchange Fees
Debit Interchange Finds Itself in the Fed's Crosshairs
Most of this year's chatter surrounding card interchange has centered on the prospects for the Credit Card Competition Act's passage. While this pending legislation remains on the watch list, the plot has taken a sudden twist. The Federal Reserve, at an October 25 meeting, pulled debit interchange squarely back onto center stage.
Topics: Vendor Contract Negotiation, Bank Vendor Management, Credit Union Vendor Management, Durbin Amendment, Debit Cards, Interchange Fees