Even a small fee on debit cards will lead consumers to abandon them in favor of other payment methods, including cash, checks and even credit cards, according to a recent survey.
Credit unions considering their options in the face of a debit interchange decline might evaluate Kelly King's recent comments
The Federal Reserve's most recent update of its rule implementing the Durbin amendment makes it a bit better for most CUs but leaves most of their deep concerns about the measure untouched.
Credit unions are hoping for relief from the courts and an improved rule from the Federal Reserve following the Senate defeat of an amendment that would have delayed the Federal Reserve’s rule regulating debit interchange fees by up to a year.
Brief filed in TCF National Bank lawsuit argues that banks and credit unions deserve same protection as public utilities.
The retailers are stepping up their defense of the Durbin Amendment and the interchange cap.
Everyone needs a Plan B in life–an exit strategy in case what you’re doing doesn’t pan out. Credit unions are no different.
WASHINGTON – Experts expressed doubt at Visa's Global Security Summit that the debit interchange changes would help fight card fraud.
WASHINGTON — Visa Global Security Summit panelists differed Wednesday over the effect of interchange changes but agreed it would complicate matters.
CUNA and NAFCU are hustling to get some last-minute lobbying on the interchange issue done before Congress goes on recess at week's end.