News
Card volume rises with digital boost
1+ day, 9+ hour 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…...
Judge backs Illinois law on card fees
1+ mon, 3+ week 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…...
Debit cards top Fed’s fraud troubles list: survey
1+ year, 11+ hour ago (268+ words) Card and check fraud continue to plague financial institutions, a new survey from the Federal Reserve Financial Services shows. "Fraud attempts and fraud losses were most notable in debit cards and checks, with increasing attempts and losses realized," the Fed…...