The Consumer Financial Protection Bureau finalized a rule that sets a “threshold” of $8 for late fees that can be imposed by large credit card issuers, and eliminates automatic inflation increases
Federal regulators reviewing whistleblower allegations related to Block's Cash App may act on the complaints this year, predicted an attorney for the complainants
In a bid to streamline point-of-sale experiences for small and micro businesses, TD Bank has launched Tap to Pay on iPhone.Through Tap to Pay, business owners can accept a variety of contactless payments directly through their mobile phones, eliminating the need for any additional POS hardware.A recent survey from TD revealed that many small businesses—particularly micro businesses—face challenges in their day-to-day operations because of the lack of necessary payment devices or hardware
A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv's CEO said it was an appropriate update due to the rise of online transactions
Merchants in New York now face a choice: full disclosure of credit card surcharges or eliminating those fees altogether, following a new law that took effect over the weekend