This month, we received the ruling on Visa’s and MasterCard’s multibillion dollar settlement over interchange. While the settlement was approved, many retailers are still opposed to it and plan to appeal. Also this month, we review a recent Senate hearing on bitcoin and virtual currencies, which Payments attended. Although regulators and policymakers feel that some regulation is necessary for virtual currencies, they agree that it should not be so strict that it impedes innovation. Also, Microsoft disrupts an online advertiser botnet, best practices for sending international wire transfers, and more.
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