Beyond the swipe: Surfing the waves of change in the debit industry
Consumer preferences, emerging technology and merchant incentives have altered the debit market.
Tag: Debit cards
Colorado, Delaware advance bills to eliminate certain interchange fees
Proposed laws to ban the collection of interchange fees for certain payments have advanced in Colorado and Delaware even as ...
Survey: ‘Buy now pay later’ use continues to grow
Survey also found that while bank-branded BNPL remains a small fraction of the overall market, customer satisfaction with the offerings ...
How the Durbin Amendment hurt consumers — and why expanding it would hurt more
New research from a one-time Durbin defender shows debit card interchange fee caps distorted the payments ecosystem and failed to ...
Federal court partially upholds Illinois interchange fee law
A federal court in Illinois partially upheld a first-of-its-kind state law restricting interchange fees for debit and credit card payments, ...
ABA, associations urge appeals court to reverse debit card interchange fee ruling
A recent court ruling imposing a new interpretation of the Federal Reserve’s standard for setting debit card interchange fees would ...
Fed releases report on debit card interchange fee revenue
U.S. payment card networks processed 100.7 billion debit and general-use prepaid card transactions valued at $4.7 trillion in 2023, representing ...
ABA, associations ask Fed to withdraw proposal to lower debit card fee cap
ABA and eight financial sector associations are urging the Federal Reserve to withdraw a two-year-old proposal to lower the cap ...
House lawmakers press banking regulators on tailoring, debanking
The top banking regulators spoke about tailoring regulation and the M&A application process, and halting alleged debanking. ABA joined other ...
ABA survey: Americans highly value their credits cards
A new survey conducted by Morning Consult on behalf of ABA found that a strong majority of U.S. consumers are ...
