PayThink

Despite a 4 to 1 vote by the Federal Reserve Board on its final interchange rule, one thing all the governors could agree on was this: Don't blame us, Congress made us to do it.

The cap on debit interchange may be final, but the political fight isn't over. Make sure cardholders (voters!) understand and are repeatedly reminded they are paying for Congress's price controls.

Loan Value Group LLC's Responsible Homeowner Reward program is gaining some fans on the Internet.

Wells Fargo & Co. and Bank of America Corp. have agreed to hand off some of the foreclosed properties they own in Cuyahoga County, Ohio.

After several setbacks and delays, the Uniform Collateral Data Portal is up and running.

A new study from the University of Virginia Darden School of Business and its Tayloe Murphy Center shows that by better serving underbanked consumers, banks and credit unions can effectively raise property values.

Taylor West saw that the Martian-sounding word "interchange" went over the heads of small business owners who could be rallied to a cause. If only bankers grasped the power of language so well.

A security vendor recently had to issue a correction to its own sales pitch after it falsely insisted it was "certified" with a payments industry security standard, StorefrontBacktalk reported June 23.

The man behind an attack on AT&T Inc. that exposed personal information for users of Apple Inc.'s iPad pleaded guilty last week in federal court in Newark, N.J., The Washington Post reported June 23.

"Hacktivists" who disagree with MasterCard Inc.'s policies claimed to have taken its website down Tuesday morning.