The Merchant Advisory Group has uncovered a serious imbalance between what debit card issuers and merchants are paying per transaction. In a white paper titled “Volume and Cost Trends in the Debit Industry,” compiled from issue-reported surveys to the Federal Reserve, the MAG reports that while debit...
March 04, 2015
Retailers are fed up with hearing from banks and credit unions that they don’t care about payment-card security and fraud, Bank Info Security reported. “It’s issuers, merchants and cardholders who bear the brunt of fraud losses in the U.S.,” said Liz Garner, VP of the Merchant Advisory Group, at a fraud summit for bankers in […]
