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Tuesday, October 23 • 3:20pm - 3:50pm
Payments Interchange Fees: Ubiquitous Today, Replaced Tomorrow?

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For nearly 50 years, interchange fees have been paid to the card-issuing bank by merchants to cover handling costs, fraud, bad debt and the risk involved in approving a payment. Interchange is the business model that funds a modern payments miracle--that a card issued by almost any bank can transact in milliseconds at almost any merchant. It also the source of much controversy, and our panel of experts will explore the key issues. Regulators in several countries have questioned the collective determination of interchange rates as potential price-fixing. Merchant groups in the U.S. claim that interchange fees are much higher than necessary and have taken legal action against the card networks. In the digital age, is there a better model? If so, how do we get there?

Moderator
avatar for Matt Harris

Matt Harris

Managing Director, Bain Capital Ventures
Matt started his investing career at Bain Capital private equity in 1995, having worked previously at Bain & Company, and attended Williams College, where he majored in political economy (with a minor in rugby). In 2000, Matt founded Village Ventures, which he ran for 12 years and... Read More →

Speakers
avatar for Omri Dahan

Omri Dahan

Chief Revenue Officer, Marqeta
Omri serves as Marqeta’s chief revenue officer and is accountable for the company’s growth and financial performance. After joining Marqeta’s early team, he helped pioneer the organization’s customer acquisition and growth strategies which, along with Marqeta’s award-winning... Read More →
avatar for Dan Van Dyke

Dan Van Dyke

Managing Analyst, BI Intelligence, Business Insider
Van Dyke is a Managing Analyst at Business Insider Intelligence. He leads the E-commerce and Payments verticals, which provide actionable insights on advancements in how value is stored, managed, transferred, and spent, for an audience of top banks, retailers, and commerce firms... Read More →
avatar for Jeff Shinder

Jeff Shinder

Managing Partner, Constantine Cannon
Jeffrey I. Shinder is the Managing Partner of Constantine Cannon’s New York office. Mr. Shinder specializes in antitrust counseling and litigation, and has expertise in numerous industries, including payment systems, banking, high technology, energy, airlines, telecommunications... Read More →


Tuesday October 23, 2018 3:20pm - 3:50pm
The Vault at Titian Ballroom, Level 2