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Debit Cards (
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by Bill Hardekopf This past year was a very eventful one in the debit and credit card industry. Here is a review of the top ten stories of 2011: 1. Debit Card Interchange Fee The government regulation of the debit card interchange fee was the most controversial...
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by Bill Hardekopf Holiday shopping on Cyber Monday was extremely strong, with analysts estimating sales to be 15% to 33% above last year's totals. Not only are a greater number of people now shopping online, but new research shows they are spending...
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by Bill Hardekopf Some banks are backing down on planned monthly debit card fees after angry protests from customers and condemnations from both Congress and President Obama. Some consumers had even declared Saturday, November 5, as "Bank Transfer...
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by Bill Hardekopf On June 29th, the Federal Reserve was scheduled to vote on the final plan to cap the interchange fees charged by banks on debit card transactions. Currently, retailers pay banks an average of $0.44 every time a consumer makes a debit...
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by Bill Hardekopf Last December, the Federal Reserve proposed to cap debit card swipe fees at 12 cents per transaction, a surprisingly sharp decrease from the current fee that averages between 1% and 2% of a transaction. Merchants fought hard for this...
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