Interchange is the fee a merchant's bank pays the cardholder's bank on every card transaction, and it is set by the networks, not negotiated by the store on the…
Under 12 CFR 1005.11, a financial institution has 10 business days to investigate a disputed electronic transfer, or must provisionally credit the account and…
A chargeback reverses a card sale at the issuer's hand before the merchant hears about it, and the merchant's only recourse is evidence, not argument.
The Federal Reserve's Regulation II limits what banks with $10 billion or more in assets can charge merchants per debit swipe, and the gap between covered and…
The Credit Card Competition Act of 2026, introduced January 13, would require the largest banks to enable a second credit routing network; it remains in Senate…
Payment failures account for 29 percent of subscription churn per Churnkey's benchmarks, and recovery runs on retry timing, card account updaters and…
The Federal Reserve raised the per-transaction ceiling on its FedNow instant payment rail tenfold, effective January 1, 2026, clearing the way for larger…
The average overdraft fee still runs about 27 dollars per transaction, per Bankrate's checking survey, even after four major banks eliminated the fee entirely.
Federal rules cap most consumer liability at $50 and give financial institutions a 10-business-day clock to investigate, with narrow exceptions stretching to 45…
Card networks now route most card-on-file and mobile transactions through a substitute number called a network token, and issuers say the swap measurably cuts…
A chargeback pulls funds back from a merchant's account before any human at the business sees a complaint, and the clock the merchant is racing starts the…
Regulation II has bound large-bank debit interchange to 21 cents plus 5 basis points of transaction value since October 2011, with a fraud-prevention add-on and…
Regulation II limits what large debit card issuers can collect on a swipe to a formula set in 2011 that the Fed proposed lowering in 2023 but has not changed in…
The CFPB's personal financial data rights rule requires the largest banks to open customer data to rival providers on request, with the first deadlines arriving…
The Federal Reserve Bank of Kansas City granted Kraken subsidiary Payward Financial a limited-purpose master account on March 4, 2026 — the first for a digital…
RTP and FedNow move irrevocable ISO 20022 credit transfers through prefunded central settlement, while Zelle moves payer-authorized debits between deposit…
Instant account verification confirms a linked bank account in seconds through credential-based data networks, while micro-deposits still take one to two…
The 10-year Treasury yield climbed from 4.30% on June 30 to a 4.48% peak on July 13, 2026, easing to 4.44% on the day the June CPI printed -0.4% monthly.