In accounting, every financial transaction is recorded by two entries on the company's books. These two transactions are called a "debit" and a "credit," and together, they form the foundation of ...

Having successfully nudged lawmakers to reconsider interchange caps, card issuers and payments networks are weighing the ramifications of another, less-discussed part of the Durbin amendment: ...

Wary ISOs and acquirers are putting hiring and other plans on hold as they await the Federal Reserve Board's final version of new debit card interchange rules, which likely will reconfigure their ...

Recent meetings between Federal Reserve staff members, consumer groups, and payments executives show just how divergent the views are as the Fed prepares the first-ever regulations on U.S. payment ...

The IRS’s recent Chief Counsel Advice Memorandum 202317020 (the “Memo”) brings into focus the importance of compliance with the debit card claims substantiation requirements for medical care expenses ...

The Federal Reserve, fulfilling a congressional order to examine whether merchants were being charged reasonable fees to process debit card transactions, proposed new rules Thursday that analysts said ...