AT&T exec: Dodd-Frank put brakes on new mobile payment network

Peter Schroeder The Hill 5/14/2011

New limits on debit card fees have discouraged mobile carriers from competing with Visa and Mastercard, according to a top AT&T executive.

The executive told Reuters that AT&T, Verizon Wireless and T-Mobile USA scrapped plans to launch a competing mobile payments processing network due in large part to the so-called […]

As Wallets Open For Haiti, Credit Card Companies Take A Big Cut

Laura Bassett The Huffington Post January 15, 2010

Visa, MasterCard, American Express and Discover have now all announced that they will waive fees for some donations related to the crisis in Haiti.

As a massive human tragedy unfolds in Haiti, relief organizations are soliciting credit-card donations through their hotlines and websites. About 97 percent […]