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Fed to review debit card fee cap next week

Payments Dive

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.

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Chocolate Finance Resumes Withdrawals, Raises Debit Card Spending Cap to S$1,000

Fintech News

The report said the firm also raised the spending cap on its Chocolate Visa debit card to S$1,000, up from the S$250 limit imposed on 11 March 2025, to manage what it referred to as its liquidity programme. The company is working to process withdrawals in line with its standard redemption timeline of three to six business days.

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Debit Card Surcharging: Is It Legal?

EBizCharge

If you’ve ever wondered whether it’s legal to add a surcharge when someone pays with a debit card, you’re not alone. No, debit card surcharging isn’t legal in the U.S. The rules behind it come from a mix of card network policies, federal law, and state regulations. Can you surcharge a debit card?

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How India’s UPI Revamp and WhatsApp Pay’s Expansion Could Transform Banking

Fintech News

These changes, which include lifting restrictions on WhatsApp Pay and postponing the implementation of a market share cap for UPI apps, underscore the NPCIs commitment to create a fairer digital payment landscape in India, and ensuring equal opportunities for all participants, India TV News reported.

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Minimum Charge for Credit Card Purchase

Cardfellow

It is acceptable for you to set a minimum charge on credit card purchases as long as you abide by the stipulations as set forth in your processing agreement with Visa, Mastercard and Discover. Typically, this includes applying the same minimum to all card brands. Debit cards: No.

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PSR targets high cross-border interchange fees with proposed price cap

Neopay

To combat this, the regulator is proposing a price cap to bring relief to businesses and their customers. Rising Fees and Limited Competition Cards are integral to the UK economy, facilitating everyday transactions between businesses and consumers. to 1.15% and credit card fees from 0.3%

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Trust+ Upgraded With Higher Interest Cap and New Perks

Fintech News

The update includes a complimentary metal card, an increase in the deposit cap for higher interest earnings, and expanded partner privileges. The bank also introduced a metal card for Trust+ customers, which functions as both a credit and debit card and is offered without subscription or annual fees.

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