Report: Skimming fraud exploded in 2022
U.S. card skimming grew by nearly 500% in 2022 and is showing signs it will grow even faster this year, ...
Tag: Debit cards
ABA, trade groups call for extension on Reg II changes
ABA joined four other financial trade associations in a letter to the Federal Reserve last week seeking an extension for ...
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 ...
Podcast: Something old, something new in payments fraud
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are ...
Fed finalizes rule expanding Durbin routing requirements to card-not-present transactions
The Federal Reserve today finalized a controversial, ABA-opposed rule expanding Regulation II, the implementing regulation for the Durbin Amendment.
J.D. Power: Debit, credit card use still outpacing alternative payment methods
Debit and credit card transactions continue to lead the way in payments transactions over digital payments alternatives, according to recent ...
Senate hearing rekindles debate over Durbin amendment
At a Senate Judiciary Committee hearing, banking, credit card industry representatives and some lawmakers pushed back against proposals to expand interchange ...
Financial industry groups unite to oppose flawed interchange regulations
Ahead of a hearing in the Senate Judiciary Committee on credit and debit card interchange fees, ABA joined with a ...
Financial Groups Call for Repeal of Durbin Amendment in Letter to Fed
In a letter to the Federal Reserve yesterday, a group of six financial trade associations—including the American Bankers Association and ...
Fed Observes ‘Unprecedented Decline’ in In-Person Payments during COVID
Payment behavior “changed sharply in 2020 with the COVID-19 pandemic,” the Federal Reserve said today in a new research brief.
