Mentioned Companies:

Fed Targets Debit Card Fees

Since 2011, the Federal Reserve Board has been required by law to determine if debit card acceptance fees paid by merchants and received by US financial institutions with $10 billion or more in assets are reasonable and proportional to the cost of processing a transaction. On Wednesday, October 25, 2023, the board proposed its first-ever change in the cost analysis. It also requested comment on the proposal. The new cap on fees received by debit card issuers in the $10-billion asset category would be a 28% drop from the current cap. Using a $50 debit card transaction for comparison, issuers...

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October 2023
Headlines in this Issue
Charts in this Issue

Top Credit Card Countries Ranked by Market Shares of Outstandings

Shares of Outstandings by Region 2012-2022

Largest Credit Card Portfolios Worldwide at Year-End 2022

150 Largest Credit Card Portfolios Worldwide Ranked by Outstandings Receivables

Other POS Devices Shipped in 2022

Shipments of Payment Card by Manufacturer—2022