While US consumer debt has fallen by 8.2% from its peak in Oct. 2008, 54M households with credit cards still owe $800B to credit card companies alone....
Apple's iPhone 5 and iPad 2 will support mobile payments, enabling users to make payments simply by waving the device by a retailer's cash register....
Card-present payment acceptance allows merchants to examine the card for signs of altering and to match the card's signature to the one on the receipt....
The Fed has ruled to slash debit card interchange fees to $0.12 per transaction, which would cost banks $12B, but is now facing mounting opposition....