What Effect Will the Cut in Debit Card Fees Have on Consumers?

debit card

The Fed rule on debit card fees could have far-reaching effects on how consumers spend and save.

The debit card battle between retailers and banks has reached epic proportions.   The plan by lawmakers is to slash the fees retailers pay banks every time a shopper uses a debit card.  Both sides are spending millions of dollars to convince lawmakers that they’re looking out for average Americans.

 

Continue reading… “What Effect Will the Cut in Debit Card Fees Have on Consumers?”

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Visa Plans to Launch Digital Wallet for Banks in the U.S.

 

visa wallet

 The “digital wallet” will store the banks’ customers’ credit and debit card account information, both for Visa cards and other cards.

The world’s largest credit and debit card processing network, Visa Inc, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.

 

Continue reading… “Visa Plans to Launch Digital Wallet for Banks in the U.S.”

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Loan Cards Are Replacing Credit Cards on College Campuses

college-student-loan-cards

A loan card acts as a debit card, allowing students access to loan money left over after tuition.

“Meet your new best friend on campus,” the letter reads. A school’s emblem is featured in the letterhead – and even on the card – and students are urged to activate their accounts quickly.

Continue reading… “Loan Cards Are Replacing Credit Cards on College Campuses”

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