Payments/Credit/Debit

Counsel to retail plaintiffs explains that the Durbin Amendment precludes Fed from including fraud costs in the debit interchange cap.

Counsel to retail plaintiffs explains that the Durbin Amendment precludes Fed from including fraud costs in the debit interchange cap.

For years, banks have issued fraud-prone mag stripe cards, putting information at risk, the letter from the National Retail Federation said.

For years, banks have issued fraud-prone mag stripe cards, putting information at risk, the letter from the National Retail Federation said.

Credit unions tell trade association breach cost an average of $5.10 per affected card.

The world's largest payment processor outsources 21 administrative jobs at its Omaha location.