Banks Push Prepaid, Credit Cards to Make up for Lost Debit Revenue
Prepaid and credit cards are the banks' top choices to make up for a $7B annual revenue loss, which resulted from the passing of the Durbin Amendment....
Author: UniBul
How to Manage Chargeback Reason Code 75
Reason Code 74 designates chargebacks resulting when the cardholder states that a transaction appearing on the billing statement is not recognized....
Banks Abandon Debit Card Fees, Will Find More Subtle Ways to Raise Revenue
Issuers have abandoned debit card fees but will find more subtle ways to make up for revenues lost as a result of the passing of the Durbin Amendment....
How to Manage Chargeback Reason Code 74
Reason Code 74 designates chargebacks resulting from transactions that were processed more than 180 calendar days from the transaction date....
Credit Unions Muscle in on Big Bank Territory
Small credit unions, exempted from the Durbin Amendment, are emerging, alongside big-box retailers, as the big winners of the debit interchange war....