Article
Jun 29, 2018
Sometimes industry self-regulation does a better job protecting consumers than government regulation does. The only viable way to curb outrageous and deceptive credit card foreign exchange fees is for the payments industry to police itself. Anyone […]
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Article
Feb 8, 2018
No institution has as much influence over price levels as the Federal Reserve Board of Governors—which also acts as the country’s paramount financial regulator. Present and expected future price levels undergird every economic decision: to extend credit, […]
Article
Dec 6, 2017
While principally aimed at curbing the grey economy, Indian Prime Minister Narendra Modi’s ballyhooed demonetization campaign last year spotlighted the war between cash and electronic payments in the mother of all emerging markets. And electronic payments […]
Article
Jul 8, 2016
Handing someone a $100 bill is an instant payment. Likewise, proprietary systems such as PayPal and open, un-permissioned Bitcoin offer near real-time value transfer. For most consumers and businesses however, a leather or cryptocurrency wallet, cash […]
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Article
Jul 13, 2015
With the advent of Apple Pay and Android Pay, Bitcoin and EBay spinning off PayPal, payments are in the spotlight. But you’ve probably noticed that nonbanks have spearheaded most of this innovation, which wasn’t the case […]