Apple Pay is violating the Dodd-Frank Act’s Durbin amendment, retailer groups say — at least the way Apple’s mobile payments system is currently implemented —...
The Merchant Advisory Group has uncovered a serious imbalance between what debit card issuers and merchants are paying per transaction. In a white paper titled “Volume...
Though Congress passed a law capping debit card issuers’ per-transaction interchange income at essentially 24 cents—about half the average issuer take previously—many merchants remain convinced...
: In a swift decision a three-judge panel of the D.C. Circuit Court of Appeals upheld the Federal Reserve Board’s final rules on debit card...