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Fintech Recap: BaaS Consent Orders, Trade Groups v. Colorado on DIDMCA
Fintech Business Podcast
The Problem With the Mainstream Business Press
The issue discussed is the misconception that savings from reduced interchange rates will be passed on to consumers, when in reality, it benefits issuers and large merchants. It is highlighted that such savings are unlikely to reach consumers. Additionally, potential confusion may arise for consumers due to the complexity of surcharging or discounting transactions based on the card used, especially in e-commerce.
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