Consumers relying more on their MasterCard for credit and debit purchases helped the second largest payments processor see a net income of $514 million, or $4.03 a share, in the fourth quarter of 2011 – that’s ...

The backlash over Bank of America’s debit card fee persists with a bill proposed by a state legislator that would ban such bank fees for Florida customers. The proposal from Lake Worth Rep. Jeff Clemens, a Democrat, ...

Visa and MasterCard have agreed to allow merchants to encourage customers to use lower cost credit or debit cards — and potentially provide rebates or discounts for doing so — under a settlement with ...

Visa Inc., the top credit and debit card payment network, posted its third-quarter profit at $716 million, or 97 cents a share, slipping 2 percent compared to a year ago but beating Wall Street estimates. For its ...

Retailers large and small are closer to a years-long goal of lower “interchange fees” – the per-transaction cost charged by banks on the MasterCard and Visa debit cards used by customers. But under a new compromise, ...

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 ...

After years of attempting to even get a bill on the floor of Congress, business groups finally saw enough support to draw a bipartisan vote in the Senate for the first-ever regulation over the fees charged merchants ...

Handing the banking industry a defeat and possible price breaks for consumers, the Senate today approved restrictions on the “swipe fees” that MasterCard and Visa payment networks charge merchants on card transactions. In ...

A leading Democratic senator wants the Federal Reserve to determine if interchange fees -  charged businesses every time a customer uses a credit or debit card – are “reasonable and proportional” to the costs ...

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 ...