Payments/Credit/Debit

The Electronic Payments Coalition, the group of card issuers formed to defend the existing card interchange structure, has reiterated why capping or removing card interchange in the U.S. would hurt consumers.

Large U.S. credit card-issuing banks are shifting their card offerings in advance of the remaining card law changes scheduled to go into effect in February.

A new survey commissioned by Visa Inc. reports that consumers do not want to pay any fees for retailers to recoup card interchange.

Two ATM skimmers from Bulgaria face years in federal prison after pleading guilty to skimming tens of thousands of dollars from U.S. consumers at ATMs.

CO-OP Financial Services is the second payment processor serving credit unions to subscribe to CUNA Mutual Group's Claims Automation Service.

According to a variety of media reports, the Automated Teller Machine in the U.S. turns 40 this month and Wired Magazine compiled some ATM numbers to help commemorate the happy day.