debit cards

What to Watch as the Debit Interchange Fee Battle Heats Up in 2025

What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
What to Watch as the Debit Interchange Fee Battle Heats Up in 2025
December 26, 2024  |  Legal & Regulation

Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. Get the Full Story Complete...

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CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
CFPB Sues Walmart and Branch Over Accounts for Gig Economy Drivers
December 23, 2024  |  Gig Economy

Both Walmart and FinTech company Branch said Monday (Dec. 23) that they will defend themselves “vigorously” against a Consumer Financial Protection Bureau (CFPB) lawsuit filed...

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ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
ABA Urges Fed to Withdraw Proposed Debit Interchange Fee Cap
December 16, 2024  |  Bank Regulation

The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not...

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Card Networks Challenge FinTechs for Account-to-Account Payments Share
Card Networks Challenge FinTechs for Account-to-Account Payments Share
December 16, 2024  |  Payments Innovation

Earlier this year, PYMNTS Intelligence found that more than half of consumers were not aware of pay-by-bank options, or were hesitant to use them. Get...

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UK’s Regulator to Cap Cross-Border Interchange Fees
UK’s Regulator to Cap Cross-Border Interchange Fees
December 13, 2024  |  Credit Cards

The United Kingdom’s Payment Systems Regulator (PSR) proposed a price cap on cross-border interchange fees and is seeking comment on the level at which the...

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Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
Report: Walmart and Ribbit Lead FinTech One’s $300 Million Funding Round
December 12, 2024  |  Investments

Walmart and investment firm Ribbit Capital are reportedly leading a funding round of more than $300 million for FinTech startup One, which is majority-owned by...

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Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
Visa Direct to Enable Delivery of Money in US Within 1 Minute Starting in April
December 12, 2024  |  Real-Time Payments

Visa will begin enabling faster delivery of money with Visa Direct, making funds transferred to U.S. bank accounts available within one minute. Get the Full...

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European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
European Lawmakers Ask UK to Reconsider Cap on Interchange Fees
December 12, 2024  |  Credit Cards

European lawmakers reportedly asked the United Kingdom’s Payment Systems Regulator (PSR) to reconsider its plans to restore a cap on interchange fees that was lifted...

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