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    Posts Tagged ‘debit cards’

    Banks biting back (access required)

    by Amy Gillentine Published: April 29,2011

    Tags: Air Academy, banking, debit cards, Dodd Frank, Ent Federal Credit Union, fees

    Proposed debit card regulations have pitted the nation’s financial institutions against retailers — but consumers could be the ones caught in the middle. At issue is more than $12 billion in annual debit card processing fees, money that merchants pay to banks to process debit card transactions. The regulations, part of the Dodd-Frank legislation that [...] [...]

    Spare small businesses and lower debit-card fees (access required)

    by Staff Writer Published: June 19,2010

    Tags: banking, CSBJ View, debit cards

    Banks are in the midst of a misbegotten, last-ditch effort to protect the billions of dollars they make each year from debit-card “interchange fees,” the charges they hit businesses with each time a consumer swipes their card. The financial-overhaul bill approved by the U.S. Senate last month includes an amendment that would limit just how [...] [...]

    Retailers receive early holiday gift from Visa, MasterCard (access required)

    by Amy Gillentine Published: December 7,2009

    Tags: class action suit, debit cards, Mastercard, National Retail Federation, Visa

    More than half a million retailers will get an early holiday gift this year. Checks totaling more than $1 billion will be mailed to more than 635,000 retailers as part of a federal judge’s approval of an early payout of money remaining from a 2003 settlement of a class action suit against Visa and MasterCard’s [...] [...]

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