Now that the deadline for the Durbin amendment interchange cap to take effect has passed, financial institutions are continuing to develop ways to offset lost interchange revenue. One solution? Raise fee income by making debit and ATM transactions more expensive for consumers.
Now that the deadline for the Durbin amendment interchange cap has arrived, financial institutions are looking hard for ways to replace lost interchange revenue.
PSCU Financial Services is crediting bad weather, convenience and ease of budgeting as reasons its gift and reloadable cards had a much stronger year in 2000 than they had in 2009.