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Fed Weighs Changes to Debit Rules as Swipe-Fee Battle Rages On May 08 2021, 3:49 AM May 08 2021, 1:37 AM May 08 2021, 3:49 AM (Bloomberg) The Federal Reserve is weighing changes to its rules governing debit cards as the battle over the fees merchants pay each time a consumer makes a purchase intensifies. (Bloomberg) The Federal Reserve is weighing changes to its rules governing debit cards as the battle over the fees merchants pay each time a consumer makes a purchase intensifies. The central bank on Friday asked for public comment on an amendment that would require banks to make sure two payment networks are available on their debit cards for online purchases. ....
Card brands postpone fee hike, but merchants want interchange reform paymentssource.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from paymentssource.com Daily Mail and Mail on Sunday newspapers.
Card brands postpone fee hike, but merchants want interchange reform americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
A fresh initiative in the U.S. Senate to put a tax penalty on big companies as a way of forcing higher minimum wages prompted a skeptical reaction among economists including a top adviser to former President Barack Obama. ....
Even as the House passed President Biden’s pandemic aid plan with a minimum wage increase included, Democrats were searching for a Plan B for the wage hike, which was ruled out in the Senate. ....