Digital Transactions Authoritative, insightful and timely information for payments professionals
• More than 100 new merchants have signed a letter to U.S. House of Representatives leaders, bringing the total to 768 since the letter began circulating in November, urging them not to repeal the Dodd-Frank Act’s Durbin Amendment, which put a cap on debit card interchange and set debit transaction-routing requirements. Dodd-Frank is under heavy attack by Republicans who control Congress.
• Under questioning at his confirmation hearing, Attorney General nominee Jeff Sessions replied when asked about the U.S. Department of Justice’s Operation Choke Point that he didn’t know much about it, but said such a program would be “hard to justify,” according to The Daily Signal. Operation Choke Point was intended to target payment processors serving fraudulent merchants, but critics claim that in practice it attacked legal industries disfavored by the Obama Administration.
• Processor Vantiv Inc.’s Vantiv Integrated Payments launched triPOS Cloud, an extension of its triPOS product line that enables independent software vendors to integrate their point-of-sale applications via the cloud or a native application.
• ATM network operator Cardtronics plc signed a long-term renewal of its agreement with convenience-store chain Dash In Food Stores Inc.; Cardtronics has ATMs deployed in 66 Dash In locations in Delaware, Maryland, and Virginia.
• First American Payment Systems L.P. announced its payments service is now part of the DonorSnap payment module. DonorSnap offers Web-based donor-management software.
• Consumer revolving credit spiked 13.5% in November on a seasonally adjusted annualized basis, the Federal Reserve reported. Revolving credit outstandings increased 6.4% from November 2015 to $992.4 billion.
