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MAG CEO, Mark Horwedel, Interview with BankInfoSecurity "Why Merchants Object to Visa's EMV Debit Routing Rules"

Last week, retail associations representing thousands of U.S. merchants asked Visa to clarify how the card brand planned to level the playing field for EMV adoption in the U.S. - especially for routing for EMV debit payments.

In a Nov. 16 letter to Visa, leaders from the Retail Industry Leaders Association and the Merchant Advisory Group claim that Visa has taken steps to "circumvent merchants' legal right" to choose the network over which a debit transaction will be routed. This, the retailers say, goes against a Nov. 2 "frequently asked questions" guide published by the Federal Reserve, which clarifies that no card network can inhibit merchant routing choices, even by requiring technical specifications that could inhibit merchant routing options.

Read the Full Article and Listen to the Interview: