Things have come to a pretty pass when merchants say it’s cheaper for them to give away their product than to sell it. Yet that’s what a 7-Eleven franchisee is saying about the newspapers he sells in his store to customers who pay with a debit card. As reported in …

It’s an obscure transaction code that even many payments people haven’t heard of. But POS, the code established by the automated clearing house network for debit card payments, is surging as major merchants adopt the payment method and offer significant rewards to customers who use it. The POS code, which …

Jane Adler Durbin’s cap on interchange for big banks was supposed to be the death knell for debit card rewards. Instead, rewards programs are flourishing, albeit with a few twists. “Relationship rewards,” anyone? After caps on debit card interchange rates went into effect last fall, KeyBank took a contrarian approach. …

Lauri Giesen When the Durbin rate cap on debit took effect, it was supposed to give merchants a big break on acceptance costs. But sellers of items like soda and bus fares have seen their costs balloon, and that’s hurting emerging-payments markets. Lower costs are what most retailers should have …

Visa Inc. has been saying for months that the Durbin Amendment’s transaction-routing and network-exclusivity rules, which took effect April 1, would take a bite out of its debit business. Gash might be a better word for the amendment’s initial effects, especially on the Visa-owned Interlink PIN-debit network. The No. 1 …

U.S. Sen. Richard Durbin, author of the now-famous amendment bearing his name that upended the debit card industry, made a figurative trip to court this week to show his support for retailers challenging the Federal Reserve Board’s final rule implementing his provision in 2010’s Dodd-Frank Act. In a friend of …

An obscure transaction code used by the automated clearing house network for debit card payments is surging as major merchants adopt the payment method and offer significant rewards to customers who use it. The POS code, which refers to ACH debit entries initiated at an electronic terminal, accounted for 4.59 …

MasterCard Inc. on Wednesday posted continued strong growth in debit cards during the first quarter, including in fee revenue. The No. 2 U.S. card network also took issue with the findings of a Federal Reserve report released on Tuesday showing interchange for regulated card issuers has plunged since the Durbin …

Quick—which of these five common financial products was the only one to grow last year: credit cards, debit cards, prepaid cards, checking accounts, or personal savings accounts? If you answered “prepaid cards,” give yourself a gold star. New research from Javelin Strategy & Research says fewer consumers in 2011 reported …

Peter Lucas The creature of the nation’s biggest wireless carriers dumped its payments-network strategy a year ago, and now things are looking up for its mobile wallet. The key difference: an emphasis on offers and rewards. It won’t be long before the eyes of the payment industry focus on Salt …