Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a way around federal fee limits they have opposed for more than a decade. The Wall...
Boost Payment Solutions’ B2B payments platform has helped customers reduce their interchange costs by nearly 44% since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The platform has helped customers save $14.7 million in acceptance costs across more than $1.2 billion in qualifying transaction volume...
Visa and Mastercard may be winding down a two-decade long court battle with merchants over the fees merchants pay to accept credit cards. A judge granted preliminary approval Tuesday (June 9) to the companies’ $38 billion settlement with merchants that was announced in November, Reuters...
The Illinois legislature voted Monday (June 1) to delay implementation of the Interchange Fee Prohibition Act (IFPA) for a year. If the bill containing this provision (SB3645) is signed into law by the governor, the act will be effective July 1, 2027, rather than July...
October 27, 2025
Watch more: Need to Know: Boost Payment Solutions, Dean M Leavitt Interchange has always shaped how suppliers view card payments. A small change in the rate can move margins, and for commercial transactions, those margins matter. Visa’s Commercial Enhanced Data Program, or CEDP, introduces one of the most sweeping changes to interchange qualification in decades. […]
May 14, 2025
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts. Since then, however, the push...
January 29, 2025
A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other interchange fees to cover the...
December 26, 2024
Sweeping changes to debit card interchange fees — and the ways debit transactions are facilitated — may come in 2025. As a result, the economics of debit payments may also...
October 26, 2026
A federal appeals court has upheld a lower court ruling striking down the Federal Reserve’s 21-cent cap on debit card interchange fees. This latest decision was handed down Monday (Oct. 26) by a three-judge panel of the 8th U.S. Circuit Court of Appeals, affirming a ruling last year that vacated the cap. The decision stems […]
July 06, 2026
Some of the biggest U.S. banks are exploring a deal that could reshape the economics of debit cards, reopen one of payments’ fiercest policy fights and give large issuers a...
June 23, 2026
Boost Payment Solutions’ B2B payments platform has helped customers reduce their interchange costs by nearly 44% since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The platform has helped customers...
June 09, 2026
Visa and Mastercard may be winding down a two-decade long court battle with merchants over the fees merchants pay to accept credit cards. A judge granted preliminary approval Tuesday (June...
