To prepare for possible action in Congress on delaying the Federal Reserve’s interchange rule, credit unions redoubled their grassroots efforts on the issue during the recent recess.
Merchants Payments Coalition refutes key argument against debit interchange cap.
Easter Break over, lobbying resumes to delay or halt the new cap on interchange fees.
Illinois senator asks ABA to back off from "massive lobbying effort."
TCF National Bank, a major issuer of debit cards, has gone to a higher court to try again on blocking new cap.
FIS is adding merchant-funded rewards to a loyalty program in a move the company says will help offset the effects of a raised interchange cap.
Montana Democrat says CUs, community banks and small businesses would be hurt if new Fed rules take effect.
Covera Card Solutions said the $70 million Niagara’s Choice Federal Credit Union has signed on to use the CUSO’s debit-ATM processing service.
Security Concerns Cited in Tech Trade Group's Call for Interchange Rule Delay