The emerging competitive payments marketplace

This on-topic is the occasion to come back to the emerging competitive payments marketplace in the United States and in the European Union. R. C. Hunter discusses the issues surrounding this evolution and the necessity to provide an ubiquitous, convenient, fast and secure payment system in the United States. Then, R. S. Taffet and C. Rodriguez provide an overview of some of the interchange fee cases and offer thoughts regarding whether the holdings of those cases sufficiently accommodate the development of such payment systems under U.S. antitrust law. Finally, J. Quinney examines the emergence of new market players in Europe where regulatory developments took place in 2015 without closing the file on interchange.

Current developments in the evolving U.S. payments marketplace Robert C. Hunter Deputy General Counsel and Executive Managing Director, The Clearing House, Winston-Salem I. Introduction 1. “Technology is rapidly changing many elements that support the payment process. High-speed data networks are becoming ubiquitous, computing devices are becoming more sophisticated and mobile, and information is increasingly processed in real time. These capabilities are changing the nature of commerce and end-user expectations for payment services.” [1] As a result, the payments marketplace in the United States has dynamically and rapidly evolved over the last several years. The changes that have occurred are based on new technologies and innovative product offerings that afford consumers expanded

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  • Herbert Smith Freehills (London)
  • Morgan Lewis (New York)
  • Herbert Smith Freehills (London)
  • Morgan Lewis (San Francisco)
  • The Clearing House


James Quinney, Richard S. Taffet, Natalia Rodriguez, Kristen A. Palumbo, Robert C. Hunter, The emerging competitive payments marketplace, September 2016, Concurrences Nº 3-2016, Art. N° 80009, pp. 10-27

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