Payments/Credit/Debit

The U.S. Government could save between $36 million and $39 million in interchange fees annually if it had the right to negotiate for better terms, according to a Treasury Department report.

The Federal Reserve Board has published the latest card regulations that it was mandated to develop by the Credit Card Accountability Responsibility and Disclosure Act of 2009.

Senate Majority Whip Richard Durbin is "disappointed," with the arguments made by CUNA and the Independent Community Bankers of America in opposing his amendment to regulate interchange fees.

A new consumer survey from Visa Inc. has found that consumers oppose the most recent legislation to regulate debit card interchange when told the new rules might cost them more money.

TMG (The Members Group) has added Mobile banking and transaction alerting solutions to its product lineup.

No matter how unpopular the debit interchange regulating Durbin amendment is among credit unions, at least one credit union is not opposing it.