Payments on Fire™ Episode 272 - Fanning the Flames - 2025 Mid-Year Payments Industry Trends Update
6 snips
Aug 27, 2025 In this discussion, payments industry expert Chris Uriarte and practitioner Drew Edmond dive into crucial trends shaping the future of payments. They explore the recent regulatory changes, including the Durbin Amendment and FTC's click-to-cancel rule. The duo examines the rising interest in stablecoins and agentic commerce, along with the pivotal role of tokenization. The conversation also highlights advancements in fraud prevention and secure payment authentication, featuring Visa's VAMP and the significance of passkeys. Tune in for insights that keep you ahead in the fast-evolving payments landscape.
AI Snips
Chapters
Transcript
Episode notes
Durbin Ruling May Drive Per‑Issuer Rates
- A recent U.S. court ruling found the Fed included costs beyond authorization, clearing, and settlement when setting Durbin rates.
- That ruling suggests future debit interchange may require per-issuer cost alignment rather than a single blended rate.
Proposed Fed Cut Likely To Fall More
- The Fed had proposed lowering regulated debit interchange from ~21¢+5 bps to ~14.4¢+4 bps with a larger fraud allowance.
- Chris Uriarte expects rates to fall even further after the court's finding about excluded costs.
Global Regulation Is Reshaping Payments
- Regulators globally are actively reshaping merchant costs and practices, with Australia targeting a ban on card surcharging.
- Cross-border volumes already face headwinds from changing U.S. tariff policy and lower discretionary consumer spending.