For banks eyeing the impact of the Durbin Amendment — and the prospect of debit interchange caps — there might be some relief coming from Congress. A bill that was approved...
The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting...
Federal regulators have finalized an order requiring Mastercard to share card data with other payment networks. The Federal Trade Commission (FTC) said the consent order settles...
President Joe Biden kicked off the month of July with a bang, signing a sweeping executive order (EO) aimed at promoting competitive markets across the...
U.S. shoppers made 72.7 billion non-prepaid debit card transactions in 2018, solidifying debit as a staple payment type. Consumers only see a small part of...
Retailers — led by Walmart — seem to have beaten back an attempt to raise swipe fees, according to Congressional aides speaking to Bloomberg. Despite...
More than 400 big and small retailers have joined forces to urge Congress not to repeal the Durbin Amendment to the Dodd-Frank Wall Street Reform...
The debate surrounding interchange fees is been burning bright for several years. Most often, however, the discussions focus on the impact of capping these fees...