As small businesses continue to increase their use of technology and mobile access to conduct transactions, the drawback is the shift may potentially widen the space for cyber thieves to strike and drain commercial accounts in one fell swoop.
Online commercial accounts present tempting targets.
The Discover card brand is moving forward with an effort to reintroduce a signature debit card into a market that is still experiencing a period of turbulence after the adoption of new federal regulations.
Brand says economic climate is right, touts offering's interchange rate.
A CEO of a small Minnesota CU expressed concern that the proposed cap on interchange might end checking at some small credit unions.
Visa Inc. has broken with its customary practice or not speaking directly on the issue of card interchange to comment explicitly on the amendment to regulate card interchange sponsored by Sen. Richard Durbin (D-Ill.).
Three amendments on the interchange issue would "impose heavy new restrictions on interchange fees," NAFCU Executive Vice President B. Dan Berger wrote Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell today.