Prohibiting non-sufficient funds fees on transactions declined at the same time a user swipes, taps or clicks debit or ATM cards is the aim of a “proactive” new rule proposed Wednesday by the federal consumer […]
Debit card issuers should enable at least two payment card networks to process all debit card transactions, including “card-not-present” transactions such as online payments, under a final rule issued late Monday by the Federal Reserve. […]
Interchange fees across all debit and general-use prepaid cards (exempt and covered) totaled $20.73 billion in 2017, an increase of 5.9% since 2016, the Federal Reserve said Thursday. In its report, 2017 Interchange Fee Revenue, Covered […]
Consumers are relying more on their cards, both credit and debit, in making their payments – and debit cards are increasingly becoming their card of choice, a report issued Thursday stated. In its Federal Reserve […]
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