Inflation drives business dissatisfaction with merchant services
Inflation is driving down small business satisfaction with payment processing solutions, according to a new survey on merchant services satisfaction by J.D. Power.
Browsing: Payments
‘My hobby is banking’
Meet Saleem Iqbal, ABA’s Community Bankers Council chair.
Early Warning Services CEO added to CCB speaker lineup
ABA President and CEO Rob Nichols will moderate a lunchtime conversation with Al Ko, CEO of Early Warning Services—the owner and operator of the Zelle Network—during the ABA Conference for Community Bankers.
ABA-opposed credit card routing bill again left out of spending measure
Retailer-backed legislation creating new credit card routing mandates was left out of a bipartisan omnibus spending bill after a sustained grassroots campaign by the American Bankers Association and state banking associations warned lawmakers about the risks community banks faced had the proposal become law.
NYDFS to require prior notification for banks engaging in crypto activities
The New York Department of Financial Services today issued guidance—effective today—for New York-regulated banks reminding them of their obligations to seek prior approval before engaging in activities related to virtual currencies, including when engaging with a third-party to perform such activities.
ABA launches ad campaign opposing Durbin expansion bills
ABA launched a major TV, radio and digital advertisement campaign calling out the negative implications that the Credit Card Competition Act could have for consumers
Fed makes changes to payments system risk policy
The Federal Reserve today adopted changes to its payments system risk policy that would expand access to collateralized intraday credit from the Federal Reserve Banks.
The COVID-19 pandemic and credit card market anomalies
Compared to the experience of the 2008–09 Great Recession and ensuing recovery, the COVID-19 pandemic-induced recession, along with federal and state responses, resulted in unexpected consumer behavior.
Survey: Debit cards preferred payment method for holiday shopping
Many U.S. shoppers will rely primarily on debit cards to purchase gifts for friends and family this holiday season, according to a new survey by TD Bank.
New York Fed: Credit cards defy credit slowdown
Consumer credit demand declined in 2022 with most credit application rates stable or weakening, but a notable exception was a rise in credit card applications, according to the Federal Reserve Bank of New York’s latest Survey of Consumer Expectations Credit Access Survey, released today.