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FTC inquiry casts fresh attention on U.S. debit routing issues

Payments Source

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

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An Overview of Payment Regulation In The USA

Clearly Payments

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. They establish rules, standards, and fees for participating financial institutions and merchants.