Debit Card Use Wavers as Cash Stages Comeback: Survey
Consumers may be returning to the simplicity of paying with cash, and wavering on the use of debit cards, as new regulations have created a confusing purchasing environment.
A report by Javelin Strategy & Research ...
Consumer Groups to U.S. Agency: Provide Prepaid Card Protections
Updated 01.05.2012:
Consumer advocacy groups want prepaid card issuers to provide customers with the type of protections required for debit cards tied to bank accounts.
They are calling on the Consumer Financial ...
Dreaded Debit Card Overdraft Fees are History – Unless You ‘Opt-In’
Starting today, new regulation drawn up by the Federal Reserve prohibits overdraft fees on consumers using debit or ATM cards – unless the card user has opted to join a bank’s overdraft protection plan.
For ...
Schumer to Fed: Consumers Need Clarity on New Checking Fees
Some of the nation’s largest banks are about to start charging new checking account fees, and that has prompted Sen. Charles Schumer to ask Federal Reserve Chairman Ben Bernanke to make sure banking customers ...
Debit Card Issuers: 30% Likely to ‘Opt In’ for Overdraft Plans
Debit card issuers expect 30 percent of consumers to “opt in” to overdraft services under new rules that prohibit financial institutions from arbitrarily imposing fees for overdrawing an account.
Large banks ...
Bank of America: Low-Balance Alerts Part of Overdraft Plan
In addition to its ground-breaking plan this summer to end overdraft fees on its debit card purchases, Bank of America is also going to offer alerts to online customers if their checking account balance is too low ...
Bank of America to End Debit Card Overdraft Fees
Just about when new rules take effect forcing banks to halt overdraft fees unless a customer opts-in, Bank of America has decided to do away with overdraft fees on debit card purchases altogether.
The nation’s ...
Fed Close to Ending Overdraft-Fee Traps on Debit Cards, ATM
In the coming months, financial institutions will start providing consumers with notices on overdraft services, primarily the choice to “opt-in” before you can be hit with overdraft fees for ATM and one-time ...
MasterCard Rings Up 23% Profit, But Below Forecasts
A day after its dominant rival posted higher-than-expected earnings, MasterCard came in below analysts’ estimates with a 23 percent profit increase for the fourth quarter.
The No. 2 card payments network saw ...
Debit Card Use Helps Boost Visa Profits 33%
Visa, the world’s largest electronic payment network, beat forecasts and reported a fiscal first quarter profit jump of 33 percent, with its growth in debit card payment transactions outpacing credit cards ...
