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Recent Business Card Debit Visa News:
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The Federal Reserve has taken a gentle swipe at the banking industry's multibillion-dollar business of collecting debit-card fees from retailers.
The stocks of major credit and debit card issuers and Thursday after Visa released an economic outlook that appeared to suggest a limited impact from new regulations.
ABC News' Tom Giusto reports: The Federal Reserve today voted to limit the fees banks can charge every time a debit card is swiped. But it compromised with its own original proposal by deciding not to cut the fees as...
After years of beefing up rewards programs for debit-card customers, banks in recent weeks have started scaling them back or scrapping them altogether.
Beginning this fall, banks will be allowed to charge retailers only 21 cents for each debit card transaction, plus an additional 0.05 percent of the purchase price to cover the cost of fraud protection. Banks currently charge an average of 44 cents per transaction. Merchants have said reduced fees would allow them to lower their prices.
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