Payment fees

The Durbin Amendment is on the chopping block , which could reverse years of savings for merchants and consumers.

Wells Fargo & Co. is expanding its ExpressSend remittance payout network in India to include Axis Bank and, beginning next month, expanding a free-transfer promotion previously available only for those sending at least $500.

The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights.

Downward pressure on Canada’s bank fees continues, as Bank of Montreal this week announced it’s eliminating fees for Interac e-Transfers for all customers with Canadian checking and premium-rate savings accounts.

The Delaware company is also close to completing a compliance program to address anti-money-laundering and Bank Secrecy Act issues.

Wal-Mart Stores Inc. reached an agreement to continue accepting Visa Inc. credit cards in Canada, ending the retailer’s threat to bar the world’s largest payments network from its 409 stores in the country.