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News
Study: Cash no longer king in Germany as mobile payments gain ground
2+ mon, 3+ week ago (282+ words) After decades of slow take-up, cashless payments now make up a majority of transactions in Germany, the country's central bank reported on Wednesday. Germany has lagged its European neighbours in the transition away from notes and coins, with many visitors…...
Fed report stirs debit fee debate
8+ mon, 2+ week ago (881+ words) The Federal Reserve on Friday issued a report detailing data on debit card transactions, including fees imposed on merchants by bank card issuers and card networks when consumers swipe the cards to pay for a purchase. Interchange fees charged across…...
Fed to boost payments services’ days of operation
10+ mon, 3+ week ago (625+ words) The Federal Reserve plans to make the Fedwire Funds Service and the National Settlement Service payments systems available for operations on Sundays and some holidays, but not anytime soon. The central bank expects the expanded days to take effect “in…...