Payments
What Interchange Fees Actually Are — and Who Ends Up Paying Them
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…
Payments
How authorization, clearing and settlement work across card, bank transfer and instant rails, including where fees accumulate and when money truly arrives.
Payments
How Regulation II Caps Debit Interchange Fees at 21 Cents
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…
Payments
Credit Card Competition Act Returns in 2026 With Presidential Backing
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…
Payments
How Dunning Keeps Subscriptions Alive When Cards Fail
Payment failures account for 29 percent of subscription churn per Churnkey's benchmarks, and recovery runs on retry timing, card account updaters and…
Payments
Zelle Moved $1.2 Trillion in 2025, Growing 20 Percent Year Over Year
Early Warning Services reported on February 11, 2026 that Zelle carried $1.2 trillion across 4.2 billion transactions in 2025, with small business payments up…