Debit / Credit News & Media
Credit card companies profiling users
May 31, 2010
Cardholders have been hit with credit limit reductions, interest rate hikes, or have even had their accounts closed by issuers who made the decisions based on…
read nowEU to market test Visa Europe's offer to cut debit card fees
May 31, 2010
European Union regulators will seek third party views on Visa Europe's attempt to avoid a possible fine by cutting its debit card fees.
read nowDurbin says Visa and MasterCard raise antitrust concerns
May 27, 2010
Senator Richard Durbin (D - Illinois) said "serious antitrust concerns" will be raised if Visa and MasterCard punish small banks that use their payment…
read nowColleges turn student IDs into debit cards
May 27, 2010
WTOL in Toledo reports that while IDs have long been used for on-campus purchases, schools are now turning the IDs into debit cards that can be used anywhere.
read nowUMB acquires credit card portfolio from 5Star Bank
May 26, 2010
UMB Bank has acquired 5Star Bank's credit card portfolio.
read nowVermont passes law to limit swipe fees
May 26, 2010
On Friday, Vermont became the first state to pass legislation limiting swipe fees on credit and debit card purchases.
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Mr. Goldstone goes to Washington … and Tweets
One retailer is on a campaign to educate the public, press and politicians about the big difference between interchange fees and ATM surcharge fees.
read nowPelosi urged to ensure passage of debit card limits
May 25, 2010
Representatives Peter Welch (D - VT), Bill Shuster (R - PA), and Chris Carney (D - PA) wrote a letter to Speaker of the House Nancy Pelosi urging her to…
read nowFederal Reserve unveils database for credit card agreements
May 24, 2010
On Monday, the Federal Reserve Board unveiled a website where consumers looking for a credit card can compare rates and prices.
read nowHeartland Payment Systems launches new card security technology
May 24, 2010
Heartland Payment Systems has commercially launched its new state-of-the-art payment card security technology.
read nowVisa disappointed with Durbin Amendment
May 23, 2010
Visa Inc. said it was disappointed with an amendment limiting interchange fees passed Thursday as part of the U.S. Senate financial regulation bill.
read nowVisa and MasterCard stocks go up after financial reform
May 23, 2010
Shares of Visa and MasterCard rose Friday after the U.S. Senate's passage of a financial reform bill.
read nowWalmart to embrace smartcard payments
May 23, 2010
Walmart is planning to make its American payment terminals compliant with smartcard-based technology.
read nowWalmart MoneyCard first to offer cash back on prepaid debit card
May 20, 2010
Walmart has announced the first cash-back incentive for consumers using a prepaid debit card. When customers use the Walmart MoneyCard to buy gasoline for…
read nowSenate rejects credit card interest rate measure
May 20, 2010
A Senate measure aimed at lowering credit card rates by making banks and card issuers abide by state interest rates failed by a vote of 60-35.
read nowNew iPhone case turns phone into mobile wallet
May 19, 2010
In the near future, customers may be able to use their iPhones as credit cards.
read nowBank card issuer stocks drop on fee-reform fears
May 18, 2010
Shares of bank card issuers continued to plunge Tuesday, likely due to fears of bank reform legislation that aims to cut debit card fees.
read nowCredit card delinquencies down in April
May 18, 2010
For the fourth straight month, U.S credit card delinquencies fell.
read nowUK debit and credit card spending rises slightly in April
May 17, 2010
Based on new figures released Friday, debit and credit card spending in the United Kingdom increased slightly in April.
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Senate passes interchange restriction bill
In a surprise move, the U.S. Senate last night passed the Electronic Check Parity Act of 2010, which would give the Federal Reserve Board oversight authority…
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