If you want to print out the Consumer Financial Protection Bureau’s proposed prepaid card regulations, think again. They run 870 pages in PDF form, so you’ll need almost two reams of paper and plenty of ink. The regulations unveiled Thursday would require so-called “Know Before You Owe” disclosures and aim to …

Bank of America Corp. last month began issuing debit cards that adhere to the Europay-MasterCard-Visa (EMV) chip card standard, thus becoming the first mega-bank to begin a wide-scale EMV conversion. Cards for existing customers will be issued as old cards expire or are replaced for other reasons. The U.S. payment …

The conversion of U.S. payment cards from the aging magnetic stripe to the Europay-MasterCard-Visa chip card standard will hardly be a seamless transition. That’s the word from a payments researcher and Canadian retail experts who spoke on a panel at a payments conference Tuesday near Chicago. The warnings came a …

  Bank of America Corp. isn’t waiting for 2015 to convert its debit card portfolio to plastic that supports Europay-MasterCard-Visa (EMV) chip transactions. The Charlotte, N.C.-based banking giant announced Tuesday it will begin issuing debit chip cards to new customers in October, with cards for existing accountholders issued as these …

By Jim Daly Average out-of-network ATM fees set a record in 2014 for the eighth straight year by rising 5.3% to $4.35 per transaction, well above a 1.5% increase in 2013 but close to their 17-year average, according to Bankrate Inc.’s annual study of checking-account fees. Overdraft fees set a …

The Federal Reserve Board on Thursday said it would leave its debit card interchange cap for large issuers unchanged despite finding that some of their important expenses either declined last year or had changed little from levels found by an earlier survey. A major retailer trade group said the findings …

  Payment processors First Data Corp. and Total System Services Inc. (TSYS) will have key roles in securing transactions using tokenization technology for payments consumers make with Apple Inc.’s newly announced Apple Pay mobile-payments scheme. The Cupertino, Calif.-based computer giant made the announcement as part of its unveiling Tuesday of …

Is it Still Hip to Be Square? The answer, after five eventful years, is yes. But it needs to find a consumer strategy, and right now there’s no app for that. Nobody in the staid world of the payments business had ever seen anything like it before. Dozens of buttoned-down …

The spat between Mitek Systems Inc. and USAA Federal Savings Bank over remote deposit capture software is set for trial Sept. 8, but the trial won’t include Mitek’s patent-infringement allegations that had been a key part of the case. In other payments-related legal action, four retail trade groups and two …

  Shipments of smart cards capable of payments that adhere to the Europay-MasterCard-Visa (EMV) standard are expected to be six times greater in 2014 than in 2013 in the United States, says a new report from ABI Research. That total, forecast to be 154 million this year, is not a …