interchange fees

Should the 'Already Banked' Consider Prepaid Debit Cards?

Seems like every big bank has started offering prepaid debit cards, giving people without bank accounts a way to pay with plastic. Now, smaller bank Kaiku Finance is launching the "Kaiku Card" -- and it's hoping that regular customers will slip its prepaid cards into their wallets too.

Merchants May Win the Right to Charge Credit Card Users More

Merchants have long sought the right to charge customers more for paying with a credit card, which would help them defray the cost of accepting plastic. That's currently banned by Visa and MasterCard, but deal in the works could change that.

How a Debit Card Fee Cut Backfired on Merchants

Washington's efforts at financial reform keep having strange and unintended consequences. In response to a law that was meant to lower excessive debit card transaction fees on merchants, Visa and Mastercard found a way to raise the fees on a host of small businesses.

Goodbye, Free Checking; Hello, New Bank Fees

The era of free checking accounts is coming to an end. Many consumers will face an extra $144 a year in account fees, plus higher dues for their debit cars, and increased ATM charges, too. It's all part of a banking industry backlash against last year's consumer friendly financial reforms.

Consumers May Get Hit With Higher Debit Card Fees

New rules proposed by the Fed for debit card transactions may mean that consumers end up paying much more for using their cards, while big retailers save billions. The proposed rules would sharply limit the transaction fees sellers have paid, which could push banks to recoup that money directly from buyers.