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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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Fuse Launches Volt App 2.0 as Ultimate DeFi Banking App With Crypto Debit Card

Fintech Review

The latest version of its non-custodial DeFi app elevates it into a decentralized banking ecosystem with a host of new features including a crypto debit card. Multi-chain deposits, yield-earning options, seamless worldwide spending, and gamified educational features support a robust suite of alternative banking services.

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How are Interchange Fees Calculated?

Stax

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. Although they go to issuing banks, the rates are set by card networks.

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The Hidden Costs of Payment Processing No One Talks About

Clearly Payments

The Many Types of Payment Processing Fees Below is a breakdown of the lesser-known or hidden fees that can show up on your monthly statements: Interchange Fees What It Is: The fee paid to the card-issuing bank every time a customer buys something with a credit or debit card. Cost Range: Usually 1.5%3.5%

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Mastercard and Thought Machine accelerate core banking capabilities, providing seamless payment experiences

The Payments Association

Mastercard and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernise their technology stack.

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Wise Platform Appoints Lauren Langbridge and Manuel Sandhofer to Accelerate Expansion Across EMEA, North America and Brazil

Fintech Finance

Wise Platform , Wises global payments infrastructure for banks, financial institutions and larger enterprises, today announced the appointment of Lauren Langbridge as Commercial Director for North America, and Manuel Sandhofer as its new General Manager for Europe, Middle East and Brazil.

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What You Need to Know about Singapore’s Upcoming Shared Responsibility Framework

Fintech News

Entities and Types of Scams Covered Under the Shared Responsibility Framework The SRF applies to all full banks, major payment service providers (PSPs), and telcos with major roles in safeguarding consumers’ financial and communication activities. Telcos’ Duties Telcos play a key role in securing SMS channels used in digital banking.

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