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Wednesday, August 20, 2014
Retailers Ask Supreme Court To Take Up Swipe Fee Ruling
WASHINGTON — A group of retail trade associations and large retailers wants the Supreme Court to review the Federal Reserve Board's cap on debit card swipe fees that merchants say is higher than the fee limit envisioned in the Dodd-Frank Act.
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LAKE BLUFF, Ill. — The practice of ordering consumer payments from highest to lowest is declining among financial institutions, according to a new study from Moebs Services. more »
DES MOINES, Iowa — Thanks to host card emulation (HCE), tap-and-go may well become the primary way consumers pay with their phones at the point of sale. more »
Goodwill Industries is investigating a possible theft of customer card data. more »
Navy Federal Credit Union has implemented a money management mobile app from Cachet Financial Solutions to upgrade its prepaid card program for students. more »
GreenStar Payment Solutions, a venture of SinglePoint, Advanced Content Services and GreenHouse Payment Solutions, is offering debit card acceptance to legal marijuana dispensaries through the use of cashless ATMs. more »
BOSTON — By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, and chip and signature will be preferred by issuers out of the gate, according to a recent survey. more »
What lays ahead in the ever-changing payments marketplace? Credit Union Journal asked some industry experts and here's what they said. more »
Xapo says its Bitcoin debit card will start rolling out by the end of June, and it will be accepted anywhere by using the rails of a card network, interchange fees included. more »
Five years after its implementation, the CARD Act has had a major impact on the financial services market — but the credit union story is different. more »
Merchants seeking a court ruling that would cause the Federal Reserve Board to re-establish debit cap fees at a lower rate want more time to consider bringing the case to the U.S. Supreme Court. more »
When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online. more »
PITTSBURGH — Hill District FCU is using gift cards and a local public health study to better ingratiate itself into the local community. more »
Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5. more »
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