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FEATURED ARTICLES
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Colorado Senate Weighs ATM Fee Ban |
The Colorado Senate voted Monday to ban ATM fees in the state. The ATM-fee measure was amended onto Senate Bill 188, which bars merchants from adding extra fees on debit-card transactions, extending an existing ban on credit-card surcharges.
The original bill, initiated by Visa and supported by banks and credit unions, reflects the growing importance of debit cards, which have become more popular than credit cards. Sponsors argued that if merchants cannot add surcharges to purchases by debit cards, banks and ATM owners should not be able to surcharge on cash withdrawals. The amendment, however, as couched as an attempt to protect consumers from "hidden surprises" regardless of how they pay for a transaction.
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Supermarkets Call for Interchange Fee Reform |
Interchange fees for PIN debit cards on the Visa network increased on April 15, and food retailers protested the move by promising to ramp up efforts seeking Congressional intervention.
“It is unacceptable that Visa continues to increase fees at a time when our country needs to protect the hardworking Americans who provide jobs in our communities,” said Food Marketing Institute (FMI) president and CEO Leslie G. Sarasin. “Swipe fees are hurting small independent businesses and grocers the most because they pay some of the highest rates and have no choice about whether or not to accept debit cards to remain competitive.”
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ETA Pays Tribute to Founders |
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As part of its 20th anniversary celebration, the Electronic Transactions Association honored its founding members, who were instrumental in creating the organization and contributed the initial funding for it.
Two of the original founders -- Biff Matthews of Cardware International and Joyce Cook of International CyberTrans -- were on hand for the Gala Anniversary Celebration and President's Dinner and were recognized on stage during the event. |
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ETA Announces Award Winners |
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The Electronic Transactions Association annouced four award winners at the association's annual President's Dinner April 12. This year the program was held in conjunction with ETA's 20th anniversary celebration.
The Strawhecker Group was named ETA's Business Partner of the Year and Todd Ablowitz, president of Double Diamond Group, was named Member of the Year.
ETA's ISO of the Year Award went to ProPay, while the annual Technology Innovation Award went to ROAM Data. 
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Vermont Senate Clears Interchange Bill |
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After an intense few days of lobbying by retailers, banks and the payments industry -- including ETA --the Vermont Senate has passed a milder version of a bill to regulate interchange fees. The measure, which is believed to be the first of its kind in the nation -- now goes to the Vermont House, where the battle over interchange is likely to heat up over the next few weeks. |
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ETA Glossary Online |
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