When wading into the world of banking, it’s easy to wonder if credit cards have routing numbers. After all, other accounts have routing numbers and your credit card has a 16-digit number slapped on it ...
The real winners from the Fed’s latest debit card routing rule aren’t the merchants. And they certainly aren’t the banks. Guess who? In the last decade, the flow of funds across debit card networks ...
Credit cards are an essential form of payment for millions of Americans, and processing credit card transactions is an unavoidable requirement for merchants. However, each swipe comes with fees ...
The Federal Trade Commission is investigating whether Visa Inc. and Mastercard Inc.’s security tokens restrict debit-card routing competition on online payments, according to people familiar with the ...
Before you begin accepting credit cards and digital payment methods, you’ll need to understand the legal requirements that apply to your business. These rules help protect your customers’ sensitive ...
For years, merchants have battled banks and payment processors over credit card processing fees. That fight has risen to a fever pitch now that a bipartisan bill to curb those fees is on the table.
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. “The very reason Congress passed the Durbin Amendment is because the U.S.
Indications emerged late last week that Sen. Richard Durbin, D-Ill., has embarked on a strategy for his credit card routing bill that follows a path similar to one he forged a decade ago for his rules ...
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