The European Commission has proposed capping debit and credit card interchange at 0.2% and 0.3% respectively.
India cited as origin of cyber attack on supermarket chain that has forced Redwood CU to re-issue 18,400 cards.
A new survey of debit issuers representing about 45% of U.S. debit traffic suggests the debit industry is living on less interchange but is also experiencing less fraud.
CU24, CO-OP said they still have competitive differentiation as Discover gets to 133,000 surcharge-free ATMs.
New York AG investigating practice, consultant says, and group of 16 Senate Dems write CFPB seeking federal probe.
Pennsylvania resident says her former employer would only pay with JP Morgan-issued cards, nears 300,000 signatures on Change.org.
Merchant Payment Coalition says study claiming interchange impact did not include enough data.
Survey covering almost half of U.S. debit traffic finds two-cent decrease reported in interchange rates from exempt issuers.
Prosecutors alleged that the thieves hacked into the computer networks of two Middle Eastern banks to gathered debit card data.
ST. PETERSBURG, Fla. — Nearly 300 credit union executives have gathered here this week for the 25th annual meeting of Card Services for Credit Unions.