Digital Transactions Authoritative, insightful and timely information for payments professionals
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Read More »Consumers May Not See Much Durbin Benefit from Card-Not-Present Merchants
n Some 41% of card-not-present merchants responding to the survey at the Direct Response Forum’s annual conference earlier this month said they do not intend to pass on lower debit card costs to consumers, according to results announced on Thursday by the DRF. Fully 56% said they don’t know …
Read More »New Debit Card Usage Fees Raise Questions About Their Stickiness
Banks are likely to continue testing debit card usage fees in the wake of the Federal Reserve’s new price controls on debit interchange, though such fees are generating heated debate about whether they make good business sense. “Disincenting consumers to use debit cards I just think is a terrible strategy …
Read More »Wells Takes a Chance on a Monthly Fee for Debit Card Purchases
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Read More »A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
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Read More »Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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Read More »Visa Outlines New Fee Structure To Defend Its Debit Business
As Visa Inc. moves into the post Durbin-era, the debit card market leader plans to offer a fixed network participation fee and reduce its variable processing fee for Visa debit products in the United States. Executives expect the new fee structure will make Visa a more viable alternative to competing …
Read More »In a Surprising Twist, Reloadable Prepaid Not As Durbin-Proof As Originally Thought
Reloadable general-purpose prepaid cards, once thought to be largely exempt from the debit card interchange restrictions of the Durbin Amendment, will be covered by that law in more cases now that the Federal Reserve has issued its final rule interpreting the amendment. Some experts see the new rule crimping …
Read More »As Fed Debit Rule Sinks in, Merchant Class Action Grinds Toward Trial
Now that the Federal Reserve’s new debit card interchange regulations are finally out in the open, the profile of yet another payment card interchange and rules controversy is slowly rising. That’s the raft of merchant antitrust lawsuits pending in U.S. District Court in Brooklyn, N.Y., collectively known as “MDL 1720.” …
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