A provision in the Dodd-Frank Act originally had community banks worried. The new regulation would reduce the amount of money that larger banks could charge for debit card swipes by half. Targeting banks with assets of more than $10 billion, this meant smaller, community banks would be exempt from the regulation. According to a recent… Continue reading Community Banks Aren’t Hurt By Debit Card Fees
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Debit Cards Are A Good Deal After All
A few years ago, you couldn’t use “debit card” and “good deal” in the same sentence, but now with the high rate of competition, banks are easing off a lot of their fees. In fact, with a few smart moves, you can use a prepaid debit card without any fees at all. “We’re seeing new… Continue reading Debit Cards Are A Good Deal After All
Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage
According to information provided by the Federal Deposit Insurance Corporation (FDIC), more than 17 million adults in the United States are unbanked. Additionally, 43 million are considered underbanked, still relying on payday loans check cashing services to handle regular banking needs. This could be a huge obstacle for those shopping for health insurance under the… Continue reading Debit Cards, Credit Cards and Bank Accounts Could Be Required If You Want to Receive Health Coverage
eForexGold Introduces Multi-Currency Debit Card
For years, eForexGold, one of the leading players of the Digital Electronic Currencies industry, has provided customers with convenient ways to buy, sell and trade currency. Now, with the introduction of its new multi-currency debit card, they have made trading currency even more convenient. Customers can use the new debit card to transfer funds from… Continue reading eForexGold Introduces Multi-Currency Debit Card
Serve from American Express and Chegg Partner to Empower College Students
In a recent announcement, Serve from American Express announced its agreement with Chegg, the nation’s leading online student hub, to give college students a new way to receive payments for selling textbooks. Through this agreement, students will not only be able to receive payments through the company’s textbook buyback program exclusively through Serve from American… Continue reading Serve from American Express and Chegg Partner to Empower College Students
Banks Are Falling In Love With the Debit Card All Over Again
When financial reform targeted the lucrative overdraft and interchange/“swipe” fees, the banking industry began to move away from debit cards, but now banks are singing a different tune. With new Federal Reserve data showing that caps on swipe fees are working as intended, banks are going a different route to make up for the lost… Continue reading Banks Are Falling In Love With the Debit Card All Over Again