Topics: Payment Systems

Fed Rule Allows Banks to Charge Merchants "Fraud Prevention" Fee

The Federal Reserve Board last week announced approval of a final rule that allows debit card issuing banks with more than $10 billion in assets to charge a one cent fraud prevention fee. More

Federal Reserve Releases Report on Debit Interchange Fees

Small banks have been unaffected by the changes to debit card transaction fees under last year's Dodd-Frank Wall Street Reform and Consumer Protection Act and competition remains absent from the debit payment market, according to a new report issued by the Federal Reserve last week. More