transaction fees

Feel like you're getting gouged at the gas pump amid rising prices? You actually are if you're using a debit card. Despite last year's banking reforms, gas stations have yet to pass along more than $1 billion in debit card transaction fee savings to consumers.

Bank of America learned pretty quickly last month that customers think $5 a month is too much to pay to use a debit card. But is there such a thing as a reasonable bank fee? One in three people say they're prepared to walk away from their financial institution to avoid a fee, a new survey reveals.

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

PayPal is aiming to launch an improved micropayments service by the end of this year. It hopes a bigger volume of tiny online purchases will be unleashed if buyers can pay as they go, instead of making a big upfront payment to be debited down.

The smartphone revolution is about to upend another business: credit card processing. With Google's new Android pay-by-phone app and Square's new transaction hardware for iPhones, your plastic could become obsolete.

The massive regulatory revision touches almost every aspect of the financial industry. In addition to rules aimed at trimming risk-taking among banks, the package prominently includes several new protections for consumers.

Consumers may not think much about the credit card transaction fees that banks charge retailers. But both groups want you to -- and with a conflict heating up over how much those fees should be, they both want you on their side. In this war over processing fees, both groups are trying to win...

Just when you thought credit card companies couldn't go any lower with deceptive marketing tactics, Discover recently sent out a whopper of a mailer to cardholders. The new mailing focused on the many benefits that cardmembers receive from Discover, including the ability to get Cash Over at select...

You may find out that your next online order will cost you more than you expect. That's because credit card issuers have added to or expanded their foreign transactions fees to include transactions processed outside the U.S. Since February, Discover, Citigroup, Simmons and Bank of America expanded...