Category: Credit Card Processing Blog

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....

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 cards will never replace either credit or debit cards in the U.S., but can become a very attractive alternative to the latter type....

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....

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....