3+ hour, 51+ min ago   (456+ words) Though most consumers prefer debit and credit card payments, 90% say they’ll still use cash for the foreseeable future, a Fed survey finds. The Federal Reserve Financial Services’ Diary of Consumer Payment Choice survey signals consumers’ commitment to cash, although the…...

2+ mon, 1+ week ago   (799+ words) The injunction for banks and card networks Monday came after U.S. regulators moved to preempt the statute curbing card swipe fees. Kendall’s ruling comes after the Office of the Comptroller of the Currency issued an interim final rule last month preempting…...

3+ mon, 5+ day ago   (647+ words) A move by federal officials to preempt Illinois’ interchange fee ban on taxes requires further review by a district court, the 7th Circuit said Friday. Four trade associations for banks and credit unions sued Illinois in August 2024 over the Interchange Fee…...

4+ mon, 1+ week ago   (276+ words) Volume on Visa, Mastercard, American Express and Discover cards issued in the U.S. climbed 6.4% last year over 2024, with an assist from digital plays, according to Nilson Report’s publisher. The Nilson Report data shows that card issuers and networks continue to thrive…...

6+ mon, 2+ day ago   (715+ words) A U.S. judge ruled that federal bank law doesn’t preempt an Illinois effort to ban card interchange fees on sales tax and tips. Bank groups vowed to appeal. A federal judge on Tuesday upheld an Illinois law that bans interchange fees…...