Young, Less-Educated and Low-Income Consumers Most Affected by Higher Debit Cost
Banks' attempts to make up for lost interchange revenues will make debit card use more expensive for less-educated, young and low-income consumers....
Author: UniBul
Issuers Ramp up Credit Card Rewards
Issuers beef up rewards programs to convert debit card users to credit cards and make up for lost debit interchange fee revenue in the process....
Americans Slash Credit Card Debt to Lowest Level in More than 7 Years
The aggregate volume of U.S. consumer credit card debt fell by 1%, or $627 million, in September, reaching its lowest level in more than 7 years....
Prepaid vs. Credit and Debit Cards
Prepaid cards will never replace either credit or debit cards in the U.S., but can become a very attractive alternative to the latter type....
How to Manage Chargeback Reason Code 76
Chargeback Reason Code 76 is issued when a transaction is posted with an incorrect transaction (e.g. as a sale rather than credit) or currency code....