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Banks Should Love the Fed’s Durbin Amendment RulingTuesday, July 12, 2011 @ 5:00PMIn late June, the Federal Reserve issued its final regulations on debit interchange fees, handing both large banks and smaller credit unions a victory. Although the financial industry fought the Durbin Amendment from its inception, their lobbying efforts during the Fed’s open comment period paid off when the rules swung decisively in their favor. Interchange [...]

How to Teach Your Teen to Handle CreditTuesday, July 12, 2011 @ 12:32PMIt's not as difficult as it may seem, say three financial experts. It's mostly a matter of knowing your teen - and who knows a child better than Mom and Dad?

Eileen Ambrose: Fed sets limits on debit card swipe feesTuesday, July 5, 2011 @ 3:50AMConsumers will likely pay the price You might not have paid attention to the fierce yearlong battle between merchants and banks over debit cards, but you'll likely notice last week's outcome in your wallet. The dispute was over the debit card interchange fee — the payment merchants make to banks to process customer transactions. Rob Santoni (pictured), owner of Santoni's supermarket in ...

Woman Charged With Robbing Bank While Dressed As NunThursday, June 30, 2011 @ 2:25PMCHICAGO (CBS) – A woman has been charged with robbing a Palos Heights bank of $120,000 while wearing a “nun on the run” mask and habit similar to a group of bank robbers in the [...]

Low-income prepaid-card users facing higher feesSunday, June 26, 2011 @ 11:18PMAbout 70 percent of card users earn under $45,000 WASHINGTON - Millions of poor Americans who use prepaid debit cards could soon face higher fees. Under a rule to take effect in July, companies that issue debit cards must reduce the fees they charge retailers. To recoup their lost revenue, banks that offer the cards are raising fees for people who use them. People who use prepaid debit cards ...

Prepaid cards, and their fees, go mainstreamThursday, June 23, 2011 @ 11:18AMRising fees have chased millions of people away from banks and into prepaid debit cards.

Visa launches real time remittance serviceThursday, June 9, 2011 @ 12:06AMDubai Expatriates can now send money back home within minutes using new technology unveiled yesterday by global payments technology company Visa.

Citi’s prepaid card services help Acer increase customer loyaltyWednesday, June 8, 2011 @ 10:12PMÇÑ¹·Õè 9 ÁÔ¶Ø¹ÒÂ¹ 2554 09:59 ¹. Hong Kong, June 8th 2011 – To improve its Singapore cash-rebate program and increase customer acquisition and loyalty, Acer Singapore has adopted Citi’s Prepaid Card programs which reduce administration costs while offering easy and secure solutions for customers.