Average fees that big banks charge merchants for each debit card transaction on Visa, MasterCard or other networks have dropped from 43 cents to 24 cents, a 45 percent decline, according to new data from the Federal ...

Visa, the world’s largest payment network, revealed today that the U.S. Justice Department is investigating changes to its debit card processing system in response to reform rules on so called merchant “swipe ...

More of the biggest U.S. banks are offering products to low-income customers, such as payday loans, that carry high fees and are not limited by recent reform laws. U.S. Bank, Regions Financial and Wells Fargo are ...

Visa, the top payments processor, rode higher credit and debit card usage to a fiscal first-quarter profit 21 percent above a year earlier, showing some resilience to new limits on “swipe fees” mandated by Wall ...

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 ...