The surcharging provisions of the credit card interchange settlement announced last July will take effect on Sunday, but observers expect few merchants will take advantage of their new-found freedom to add a surcharge to Visa and MasterCard credit card sales. “I know of nobody” who plans to surcharge, says Mitch …

For ATM owners struggling to attract consumer traffic, half a loaf of surcharge revenue may be better than none at all. A new program called Dollar$top from processor Fidelity National Information Services Inc.’s (FIS’s) NYCE electronic funds transfer network will put the concept of a limited fee to the test …

A trade group of ATM independent sales organizations on Wednesday filed a proposed class-action lawsuit against Visa Inc. and MasterCard Inc. alleging that network rules illegally forbid them from imposing lower surcharges for ATM transactions that go over the rails of unaffiliated electronic funds transfer networks. Those anti-discrimination rules require …

ATM surcharges often make the news when they hit a sensitive threshold such as $3, but the flip side of the story is the growth of options banks and credit unions offer customers to avoid paying the fees. According to newly released results from the Pulse electronic funds transfer network's …

The average ATM surcharge assessed by banks has risen 4 cents in the past six months, to $1.64, but a drop in ATM foreign fees means banks will collect $4.2 billion in total ATM charges this year, down slightly from the $4.3 billion they took in in 2005. That's according …

More banks than ever now levy surcharges on ATM transactions performed by non-customers, and the fee is now higher than ever, according to new data released this week by Bankrate.com, a service of Bankrate Inc. The average ATM surcharge is now $1.60, up from $1.54 in the fall of 2005, …

In a move that quintuples the number of ATMs in its network, Citigroup Inc. today announced it will brand machines in 5,500 7-Eleven Inc. convenience stores in 31 states. The ATMs, which will bear the Citibank brand, will allow customers to withdraw cash without incurring surcharges, a feature the bank …

In news that should interest those in the U.S electronic transactions business who are contemplating the possible effects of regulation of card interchange pricing, a new study shows that an increasing number of merchants in Australia?which three years ago introduced regulation of the fees merchants pay acquirers on card payments–are …

ATM-owning banks are earning $4.3 billion annually on charges they levy on transactions cardholders perform on so-called foreign machines?ATMs owned by banks where the cardholder is not a customer, according to a semi-annual study released today by Bankrate Inc., North Palm Beach, Fla., an aggregator of financial data. The average …

Second-quarter financial results from Houston-based Cardtronics Inc. show the country's largest non-bank ATM operator has more than doubled the number of ATMs it runs, to 26,241, in the year from June 30, 2004, primarily owing to its $106-million acquisition in June last year of E*Trade Financial Services' portfolio of 15,000 …