Nation’s leading banks to launch online payment service

May 31, 2011

Consumers looking to reduce debt may have turned to using online payment services instead of traditional credit cards, and three of the nation’s leading financial institutions are attempting to capitalize on the sea change in the industry

via Nation’s leading banks to launch online payment service.

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Bill targets taxicab industry’s $3 charge for credit card use – Las Vegas Sun

May 31, 2011

The Nevada Taxicab Authority, which regulates the cab industry in Clark County, would be required to set the credit or debit fee charged based on those figures. The fee would only be allowed to cover costs.

via Bill targets taxicab industry’s $3 charge for credit card use – Monday, May 30, 2011 | 5:03 p.m. – Las Vegas Sun.


Survey: Annual fees kept at bay despite credit card reform law

May 31, 2011

“The idea that there was going to be huge portion of cards charging annual fees as a result of the CARD act definitely has not materialized,” says Fichera.

via Survey: Annual fees kept at bay despite credit card reform law.


Debit-card fee limit on hold as issue is debated – Toledo Blade

May 29, 2011

The organization and many other consumer groups support the fee cap. Mr. Mierzwinski, who has worked on the debit and credit card fee issue for six years, said he doesn’t know of anyone who has changed sides. But he believes he understands the banking industry’s strategy. “Delay equals killing reform.”

via Debit-card fee limit on hold as issue is debated – Toledo Blade.


CEO Interview: MasterCard’s Ajay Banga – Yahoo! Finance

May 27, 2011

Ajay Banga leads a company that is synonymous with plastic, yet he encourages his staff to focus on cash.

via CEO Interview: MasterCard’s Ajay Banga – Yahoo! Finance.


Boston.com – Credit card fees gouge retailers

May 27, 2011

Despite increases in volume and advancements in technology,

via Boston.com.


The latest in sneaky credit card fees

May 27, 2011

To nobody’s surprise, credit cards are still imposing fees on their customers.

via The latest in sneaky credit card fees.