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 Durbin Dollars, Merchants and their Money: The Advent of the $10 minimum credit-card purchase- Durbin Dollars, Merchants and their Money: The Advent of the $10 minimum credit-card purchase
- September 02, 2011
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Thirty days from today, on Oct. 1, all the rules change for payments processing. At OMEGA, Durbin Dollars revert back to merchants and Main Street.
On Oct. 1, all the rules change in payments processing, courtesy of the Durbin Amendment to the financial reform overhaul package.
But who benefits? Ask OMEGA, newest alumnus of the Inc. 500|5000 class of 2011.
Basically, there's a scramble for the money in the electronic payments processing business. And just like every other business opportunity that portends a pot 'o gold at the end of the rainbow, every leprechaun and his brother are looking to make a fortune.
At issue: the Durbin A...
- View more at: http://www.1888pressrelease.com/durbin-dollars-merchants-and-their-money-the-advent-of-the-pr-331679.html
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