Cards

A recent court ruling found that the Federal Reserve had grossly overstepped in its implementation of the Durbin Amendment. The resulting changes to interchange fees will dramatically shift the debit card landscape.

The Treasury Department has designated Fifth Third as the financial agent for its Direct Express prepaid card program. The decision marks a reversal from late last year, when BNY reached a five-year agreement with Treasury.

How banks can cater to this desire to prioritize experience spending and support customers to do more of what they love

The digital bank had previously notified about 1,000 business customers that they would lose access to their debit cards for a week, amid a systems update.

The Swedish buy now/pay later provider and the San Jose, California-based payments system separately launched payment cards in an effort to bring their digital finance offerings to brick-and-mortar stores and compete with established credit card issuers.

The payments fintech is partnering with credit unions such as Michigan State Federal Credit Union to offer cash-back rewards on debit transactions using account-to-account payment schemes.

When a card gets canceled or expires, Visa, Mastercard and other networks send replacement information to merchants. This can be a problem for consumers.

Chargebacks are a growing problem, but there are steps banks can take to keep losses from spinning out of control.

Global Payments' agreement to divest its issuer unit is the latest in a series of changes in a complex ownership strategy.