Caps and Debit Transaction

Fed proposes reduction in debit fee cap

Payments Dive

OCTOBER 25, 2023

The Federal Reserve Board proposed a rule change that would slash the amount card issuers can charge merchants for processing a debit transaction. The proposal also calls for periodic updates to the fee cap in the future.

Caps

Caps Federal Reserve Fed Card Issuer

APAC Regulators Tackle Rising Card Fees

Fintech News

SEPTEMBER 17, 2024

The report highlights the role of regulatory , such as interchange fee caps and the promotion of pay-by-bank alternatives, in reducing merchant costs and interventions enhancing competition within the payment market. Australia, for example, introduced caps on interchange fees in 2003 for both credit and debit transactions.

APACS

APACS Regulations Caps Real Time Payments

AI for Debit Routing: Saving on Debit Transactions

Cardfellow

FEBRUARY 27, 2025

Signature Debit Costs Maximizing Your Savings with AI Debit Routing One Caveat to Debit Routing Savings Debit Routing Background In order to cover the possible benefits of AI for debit routing, its important to have a solid understanding of what debit routing is and how it happens now.

Debit Transaction

Debit Transaction AI Transactions Debit Network

PSR Provisionally Proposes to Cap Cross-Border Interchange Fees on Credit and Debit Cards to Protect UK Businesses

Fintech Finance

DECEMBER 13, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border

Cross-Border Caps Debit Card Visa

The Payment Systems Regulator is propsing to cap cross-border interchange fees

Neopay

DECEMBER 18, 2023

The PSR is proposing to introduce a price cap to protect UK businesses from overpaying on these interchange fees. Subject to the PSR’s final report and further consultation on remedies, this could happen in two stages: An initial time-limited cap of 0.2% for UK-European Economic Area (EEA) consumer debit transactions and 0.3%

Cross-Border

Cross-Border Caps Regulations Visa

Statistics on How Much Merchants Pay for Payment Processing in 2024

Clearly Payments

AUGUST 14, 2024

North American payment processing fees are the highest in the world due to a combination of factors, including high interchange rates , which can exceed 2% per transaction, and the dominance of major card networks like Visa and Mastercard that control over 80% of the market. Unlike Europe, where interchange fees are capped at 0.3%

Process

Process Credit Cards Alternative Payment Methods Debit Card

US Debit Card Usage Soars as Consumers Embrace Convenient Payments

The Fintech Times

AUGUST 12, 2024

Card-not-present (CNP) transactions, which include online and digital purchases, also saw significant growth. In 2023, CNP transactions accounted for 36 per cent of all debit transactions and 45 per cent of debit spending, marking a 5.2 per cent year-over-year increase.

Debit Card

Debit Card Consumer Debit Transaction Point-of-Sale (POS)

Debit Card Surcharging: Is It Legal?

EBizCharge

JUNE 19, 2025

Usually, there’s a cap: you can’t charge more than 4% of the transaction amount. Debit cards are a different story. Even if a debit card is run “as credit” – something customers often do to avoid entering a PIN – the networks still classify it as a debit transaction.

Debit Card

Debit Card Legal Card Network Rules Credit Cards

13 Questions to Ask When Evaluating a Merchant Service Provider

EBizCharge

NOVEMBER 12, 2024

Merchant service providers offer various services to facilitate secure and efficient transactions, including payment gateways, virtual terminals, and payment processing hardware. Is there a transaction cap? Some merchant service providers set a limit on the transaction amount or total monthly volume your business can process.

Service Provider

Service Provider MSPS Payment Gateways Debit Card

ACH Payment vs Wire Transfer Similarities and Differences: How to Choose Between ACH vs Wire

Stax

SEPTEMBER 17, 2024

ACH is a digital extension of the paper check and is often referred to as auto-pay, direct debit, and direct deposit. ACH transfers can either be direct deposits (ACH credit transactions) or direct payments (ACH debit transactions). A typical ACH transaction is like a machine with multiple moving cogs.

Wire Transfer

Wire Transfer Wire Wires ACH

Delivering Instant, Guaranteed Funds to Consumers

PYMNTS

MARCH 14, 2017

Just as in debit transactions, push payments will sometimes fail — processor switches will go down, transactions will time out. Push payment processing requires acquiring bank sponsorship, compliance screens like velocity controls and liability caps, recipient authentication, reconciliation, and settlement.

Consumer

Consumer Push-to-Card P2P Gateways

BNPL Fraud — When "Buy Now, Pay Later" Backfires

FICO

JUNE 14, 2021

For instance, Klarna charges a late fee of up to $7, which is capped at 25% of the total purchase price, after the second missed payment. However, traditional banks are launching their own BNPL offerings, a situation that entails a distinctly different set of fraud risks compared to traditional point-of-sale credit and debit transactions.

BNPL

BNPL Online and Mobile Banking Credit Cards Wire Transfer

Visa and Mastercard Interchange Categories

Cardfellow

MARCH 30, 2025

One quick note about debit – well refer to non-regulated debit interchange when discussing fees for common debit categories. Regulated debit interchange is capped at a fixed amount (0.05% + 21 cents per transaction) regardless of other factors.

Visa

Visa Processors Credit Cards Transactions

Friday Fun: Coffee and Banking (Redux)

Fintech Labs Insights

SEPTEMBER 23, 2016

You could incent deposits at 1 star per $10 annually with a balance cap of $5,000 or $10,000. Transaction accounts could provide 5 stars for every debit transaction, 10 for credit card charges, 5 for mobile deposits, 100 for paperless, and so on.

Mobile Deposit

Mobile Deposit Debit Transaction Debit Card Caps

Payments Space