FMI joined a coalition of industry organizations in urging the Federal Reserve to finalize its debit card swipe fee reform ...

The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...

— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing ...

The latest figures from the Fed show that, in 2023, merchants paid for 49.9% of debit card fraud, up from 46.9% in 2021. The ...

But looking at the fine print that came with his new unemployment debit card, he became livid. "A $1.50 [fee] here, a $1.50 there," he said. "Forty cents for a balance inquiry. Fifty cents to have ...

Total fees increased by more than $15 billion from the previous year. Last December, Rovertown partnered with Weigel's and St. Romain Oil Co., operator of Y-Not Stop c-stores, to integrate swipe fee ...

WASHINGTON, D.C. — Retailer groups and trade associations are urging the Federal Reserve to turn down banks' latest request ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...