Both numbers of cards and amounts charged are higher.
Coalition files brief Wednesday in appeal of July order dismantling much of Fed interchange rule.
SAN FRANCISCO — Nobody is in a rush to toss out their leather wallet and replace it with a digital wallet on their phone.
Financial institutions still in the mix as digital wallet uptake evolves in fits and maybe starts.
The Federal Reserve has always kept a focus on the integrity, efficiency and accessibility of the payments system in the United States. We have largely pursued this mission in the context of our function as an operator in the interbank market.
Earlier today, I opened an email window, typed in my boss’s name, cc’d email@example.com, and entered $5 in the subject line. I sent the email, and Square sent back a simple request for my debit card number. My boss received a similar request, he entered his debit information, and the...
While it would seem like credit card compliance issues are in the rearview mirror, now is the perfect time for credit unions to review their procedures to ensure they remain compliant.
The Nilson Report, a noted payments industry newsletter, reported Nov. 11 that debit cards lost purchase volume and transaction ground to credit cards in 2012.
Carrier-backed NFC wallet gets national rollout. No credit union involvement.
This exclusive report for Credit Union Times readers details how your business model might be in jeopardy.