Top five payments trends of 2016.
In a post-Durbin world, credit unions look to debit reward programs to attract millennials and support local businesses.
Debit rewards programs make a comeback post-Durbin as credit unions seek ways to snag market share.
The Federal Reserve will not propose any changes to the interchange fee standard or fraud prevention adjustment.
Legal battle continues over Federal Reserve's interchange rules stemming from Dodd-Frank.
Trades join bank associations in filing, say that original rule was bad and made worse by July court ruling.
The debit card interchange cap will cost the $11.5 billion BECU between $35 and $45 million in 2014.
The Federal Reserve may appeal U.S. District Court Judge Richard Leon’s interchange debit decision by arguing the judge gave undue weight to opinions of Senator Richard Durbin (D-Ill.) when evaluating the regulation.
In briefs filed August 28, all parties to a recent decision overturning the Federal Reserve’s debit interchange regulation urged U.S. District Court Judge Richard Leon to leave it in place until further appeals of his July 31 decision are exhausted.
Federal Reserve brief details its arguments in seeking stay of judge's rejection of much of interchange rules.