Major card brands license each other's technologies to facilitate chip-and-PIN card adoption in U.S.
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.
The Discover card brand is moving forward with an effort to reintroduce a signature debit card into a market that is still experiencing a period of turbulence after the adoption of new federal regulations.
As many credit unions across the country have begun to reevaluate their PIN debit networks in light of the Durbin amendment, it appears the largest card brand is also rethinking its debit pricing.
Visa changing debit pricing to merchants in attempt to prepare for competition after Durbin regulations.
WASHINGTON — Rep. Ed Royce (R-Calif.) plans a renewed push to raise the cap on member business loans because it’s a way of creating jobs without involving government.
Credit Union 24, the Florida-based nationwide ATM and debit network CUSO, has moved from using Fifth-Third Bank as a processing switch and will instead use FIS, the network said.
The year 2010 will be remembered as when the federal government got involved in how much interchange banks and credit unions earn on their debit card transactions.
First Data's initial statement on the Federal Reserve's proposed debit interchange rule did not mention establishing a debit interchange schedule for small debit card issuers.
The Durbin Amendment to the Dodd-Frank financial reform act will likely cut credit union debit card income in the short term but may also spur further innovations in the payments industry.