Monday , April 15, 2024

Search Results for: durbin amendment

Only One Direction for ATM Fees: Up

Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by ATM deployers and a consumer’s own bank total $4.57, up 5 cents, or 1.1%, from a year ago, a …

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PIN-Debit Wins Give MasterCard’s Transaction Volumes a Boost

By Jim Daly@DTPayment News Most of the chatter about how the debit card market has changed in the five years since the Durbin Amendment took effect centers on what market leader Visa Inc. is doing, or how the electronic funds transfer networks are maneuvering to stay alive and grow. But …

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ATM Fees Are Up, But Consumers Have a Wider Selection of Free Checking Accounts

By Peter Lucas@DTPaymentNews Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by

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DCPayments Buys First Data’s Australia ATMs and other Digital Transactions News briefs

• ATM network operator Cardtronics plc announced it plans to buy Canadian ATM operator DirectCash Payments Inc. (DCPayments) for $460 million; DC Payments operates 25,000 ATMs and will give Cardtronics its first presence in Australia and New Zealand and expand its operations in Canada, the United Kingdom, and Mexico. • …

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Routing Wars

How EMV is fueling a new merchant-network fight over which electronic highways debit card transactions will travel. War has broken out again between big retailers and the bank card networks. Earlier courtroom fights involved everything from honor-all-cards rules to interchange to merchants’ attempts to steer customers away from high-cost credit …

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Behind the Rise in Debit Fraud

The fraud bug struck debit card issuers last year, and the illness spared neither signature nor PIN-based varieties of debit. Researchers identified a big increase in skimming as part, but only one part, of the cause. According to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic …

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EMV Spurs Independent ATM Deployers’ Push for Variable Surcharges

By Jim Daly@DTPaymentNews The ATM Industry Association on Monday issued a position paper that once again calls for freedom for deployers to set variable surcharges. The Sioux Falls, S.D.-based trade group took that stance a decade ago, but the coming of EMV chip cards to the U.S. makes the surcharging …

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Visa And MasterCard Deny Home Depot’s Claims But Shed No Light on Disputed Fees

By Jim Daly@DTPaymentNews In new court filings, Visa Inc. and MasterCard Inc. are denying the antitrust allegations that The Home Depot Inc. leveled against them in a June lawsuit. That’s no surprise, but the networks’ responses leave some arcane network fees shrouded in mystery. Visa and MasterCard filed answers to …

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Debit Card Issuers Struggle With Higher Fraud on Both Signature and PIN Transactions

By Jim Daly@DTPaymentNews Partly because of a big increase in skimming, debit card fraud rates jumped in 2015 on both signature and PIN-based point-of-sale transactions, according to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic funds transfer network. The overall fraud-loss rate on PIN POS transactions …

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Making up for Lost Time, the U.S. Rockets to No. 1 Chip Card Market for Visa

The United States may have been late to the EMV party, but U.S. credit and debit card issuers pushing out EMV chip cards have helped make the country the number-one market for EMV plastic, according to the latest figures from Visa Inc. As of June 30, Visa chip cards totaled …

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