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Recent Discover Debit Card News:
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Cancelled debit cards and a spike in fraudulent charges might be related to PIN-number skimming earlier this year at area Michaels Stores, authorities say.
Debit cards and credit cards are a way of life for most Americans. Instead of writing checks, all you need to do is swipe a small piece of plastic that fits in your wallet and funds are automatically debited from your account.
Total swipe fees for debit cards are estimated at nearly $20 billion annually, which is why banks fought to water down Congress' attempt to reduce the fees. Remember those dark days after the 2008 financial collapse, when Congress vowed it would get tough with the banks? Well, that resolve seems to be dwindling. A move to undo some of the reforms legislators were touting just months ago was ...
Law enforcement officials trying to pin down people who steal credit and debit cards will have an easier time landing violators in prison, after a bill by Rep. Steve Perman likely takes effect this October.
The fate of the pending cap on interchange fees for debit cards will be decided today in a U.S. Senate vote.
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