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OCC seeks to halt Illinois card interchange fee law

Payments Dive

The Office of the Comptroller of the Currency blasted an Illinois law that prohibits credit and debit card interchange fees on tips and excise taxes.

Illinois 397
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Illinois heads toward landmark card interchange fee restrictions

Payments Dive

The state may become the first in the nation to outlaw the imposition of credit and debit card interchange fees on state excise tax and tips.

Illinois 482
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X lands money licenses in Illinois, New Mexico

Payments Dive

The social media platform is now nearly halfway to securing the state licenses needed to fulfill owner Elon Musk’s vision of a nationwide payments app.

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Durbin jumps into Illinois interchange law fray

Payments Dive

Dick Durbin threw his weight behind an Illinois law that would nix interchange fees on taxes and tips, supporting the edict in a court document filed Friday.

Illinois 243
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Illinois should abandon interchange law

Payments Dive

Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.

Illinois 221
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Aldi debuts Grabango checkout tech at Chicago-area store

Payments Dive

at a location in the Chicago suburb of Aurora, Illinois. The retailer is working with artificial intelligence startup Grabango to offer the service for the first time in the U.S.

Chicago 468
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Revolut hit with biometric ID class action in Illinois

Payments Dive

Several tech companies have been hit with lawsuits under Illinois' Biometric Information Privacy Act in recent years.

Illinois 195