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Republicans pressure Fed on debit card fees

Payments Dive

Some House Financial Services Committee members are pressuring the Federal Reserve to reverse a proposal to lower the debit card fees that banks can charge.

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Debit cards face rising digital wallet competition

Payments Dive

Roughly 72% of consumers say they swipe, dip or tap a debit card at the point of sale, a larger portion than credit cards, checks and digital wallets, according to a consumer survey by research firm J.D.

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Merchants, banks spar over Fed’s debit card fee proposal

Payments Dive

Major trade groups for merchants and banks engaged in another round of fighting last week over whether the Federal Reserve should finalize a lower debit card interchange fee rate.

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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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PSP Services Inc. Announces Agreement to Acquire the NCR Atleos Debit Card Production and Transaction Processing Business in Canada

Fintech Finance

PSP) is pleased to announce an agreement to acquire the NCR Atleos debit card production and transaction processing business that services a number of credit unions, financial institutions and payment networks in Canada. PSP Services Inc. ” The post PSP Services Inc.

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FV Bank Announces Launch of VISA Debit and Corporate Expense Cards

Fintech Finance

FV Bank, in partnership with Visa, has today announced at Money20/20 Las Vegas (October 27-30), the launch of FV Bank’s new debit cards and corporate expense cards. Businesses can order cards for authorized users, set individual spending limits, and track transactions in real-time through FV Bank’s platform.

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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.