A top official with the Federal Reserve Board of Governors wants a better understanding of recent Supreme Court decisions before the central bank changes its cap on debit interchange fees. "The legal ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

Female waiter holding credit card swipe machine while customer making payment in coffee shop with credit card. WASHINGTON — Several banking and credit union trade groups are challenging Illinois' new ...

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BISMARCK, N.D. - A federal judge in North Dakota has ruled that the Federal Reserve erred in 2011 when it set the long-standing cap on debit card "swipe" fees charged to retailers. U.S. District Judge ...

The following information was released by the Credit Union National Association (CUNA): A Kentucky U.S. District Court ruled this week the Federal Reserve's debit interchange Regulation II is lawful ...

I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...

Mandated reductions in interchange fees in Australia were supposed to cause retail prices to drop, directly benefiting consumers. Instead, interchange regulation has redistributed wealth in favour of ...

* Guidance clarifies position on co-badging and choice of payment brand or payment application * Guidance clarifies position on separation of payment card scheme and processing entities and rules ...