Survey: Financially unhealthy small businesses carry most credit card debt
More than half of U.S. small businesses are financially unhealthy, with a majority of those companies carrying revolving debt on...
Payments
RTP network to raise individual transaction limit to $10M
The Clearing House will raise the individual transaction limit on the RTP network to $10 million on Feb. 9, 2025....
Bank survey: Holiday shoppers prioritize rewards, security in payments options
Debit and credit cards remain the top payment choices for holiday shoppers, with credit card users saying they value rewards...
FedNow grew to $17.5B in transactions in third quarter 2024
The FedNow instant payments service saw nearly $17.5 billion in transactions in the third quarter of the year, up from...
Federal Reserve announces 2025 pricing for payment services
The Federal Reserve announced 2025 pricing for payment services the Federal Reserve Banks provide to banks and credit unions, with...
ABA survey: Mobile apps most popular tool to manage bank accounts
More than half of U.S. consumers are conducting their banking via mobile apps more often than any other method, according...
CFPB finalizes rule to regulate nonbank payments providers
The CFPB finalized a rule that will allow it to regulate large nonbank firms that provide digital payments services, but...
Podcast: Why middle market businesses are growing more optimistic
Middle market businesses don’t get the attention of the Fortune 500 or the love that small businesses get from policymakers,...
Visa, Mastercard: Proposed credit card routing bill would jeopardize security, consumer choice
A proposed bill to impose new network routing mandates on banks that issue credit cards would put payments security at...
Banks, credit unions urge lawmakers to reject new credit card mandates
Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would...
