As posted by Digital Transactions (February 9, 2010) Americans now spend more than half a trillion dollars a year on PIN-debit cards, but the merchant-acquiring industry is still adjusting to consumers’ embrace of point-of-sale. At the same time, debit card pricing is shifting from a simple, flat-fee model to a more complex one, which is [...]
Tag Archives: interest rates
Fri 02/19/2010 - 01:46
Thu 07/02/2009 - 02:15
Caught between rising default rates and new legislation that will cap interest rates, banks are protecting profits by charging even their better customers more. By Catherine Holahan and Kim Peterson MSN Money Credit card issuers are responding to record defaults and new regulations by breaking a few records of their own. Banks such as JPMorgan [...]
