On the heels of Bank of America’s announcement of a $5 monthly fee for debit card users comes more bad news for consumers, as well as merchants – a fee increase for small debit card purchases.
Entries Tagged as 'merchants'
Visa, MC Raise Swipe Fees for Small Debit Card Purchases
October 3rd, 2011 · No Comments · Debit Cards
Tags: bank of america·debit card swipe fees·Debit Cards·Dodd-Frank·Mastercard·merchants·Visa
Bank of America Announces $5 Monthly Fee for Debit Card Use: Trend?
September 30th, 2011 · 5 Comments · Debit Cards
This week, Bank of America announced a new $5 monthly debit card usage fee.
Tags: 12-cent cap·bank of america·Chase·debit card swipe fees·Debit Cards·Dick Durbin·Federal Reserve·merchants·monthly fee·Wells Fargo
Beware of Targeted Discounts Offered Via Bank-Merchant Partnerships
July 13th, 2011 · No Comments · Your Money
Is getting a discount on the kind of things you already buy worth banks sharing your shopping habits without your permission?
Tags: banks·Citi·debit card transation fees·Discover·Dodd-Frank·financial reform·merchants·shopping habits·targeted discounts·Wells Fargo
Caving to Banks, Fed Sets Debit Fee Limit at 21 Cents
June 30th, 2011 · No Comments · Debit Cards
Instead of the 12-cent cap on fees that would benefit merchants and, in turn, consumers the most, the Fed has decided on a 21-cent cap instead.
Tags: Banking Industry·banks·Debit Cards·debit fee·Dodd-Frank·fee limit·financial reform·merchants
