Co-CEO Henry Helgeson Discusses Durbin Amendment in Digital Transactions Magazine
January 13, 2011
Merchant Warehouse Co-CEO Henry Helgeson discussed the impact of the Durbin Amendment on payment card systems. The Durbin Amendment, which was part of the Dodd-Frank Act signed into law in July 2010, was implemented to control the costs for merchants which will benefit consumers...
Henry Helgeson Discusses PIN Debit & Swipe-Fee Reform
August 4, 2010
Ever since the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama in July, much has been written about its impact on interchange fees collected by merchants who use Visa and MasterCard as their networks of choice. The bill...
Henry Helgeson Discusses Swipe-Fee Reform in Forbes
July 29, 2010
With the passage of the financial overhaul bill, Congress has given the Federal Reserve the power to limit interchange, or "swipe," fees. Those are the fees a merchant's bank (the acquiring bank) pays to a customer's bank (the issuing bank) when merchants accept cards using...