One indication of how deeply plastic payments have influenced the U.S. retail market has been the explosive growth in gift cards at the expense of cash, checks and other forms of plastic. Not only has the National Retail Federation reported that gift cards have effectively extended the holiday shopping season...
This year saw a regulation capping the interchange card issuers were able to earn on a debit card transaction come into effect for the first time in history.
Saying that the debit card swipe fees set by the Federal Reserve were neither reasonable nor proportional, the National Retail Federation and other groups have sued the agency.
A California credit union's concerns that Los Angeles retailers may be steering their members away from using their credit union-issued debit cards appeared unfounded last week.
California credit union says no more reports turn up, National Retail Federation doubts it, movie theater chain denies it.
Fourth quarter payment card interchange may be coming in stronger than year befrore, as well.
Los Angeles credit union said cards were rejected because of expiration dates and members told to offer 'big bank' cards.
Retail groups say Fed has failed to regulate swipe fees under intent of Dodd-Frank.
Credit unions looking to boost fee income with card interchange from holiday sales may not see as much holiday cheer as last year.
This article will be among the news, features, analysis and insight filling the pages of the next print edition of Credit Union Times.