Those who tout credit cards over debit cards claim usage of the latter is tantamount to giving away one’s money. Conversely, charge cards offer cash-back plans, airline miles, credit toward future ...

The bank inked a five-year agreement to serve as the financial agent for the Direct Express card program, which helps roughly 3.4 million Americans get monthly federal benefits via a prepaid debit ...

Washington Bought Itself Another 100 Days. It Didn’t Buy a Fiscal Plan Banks will find other ways to make up for lost revenue. While some lawmakers and regulators are targeting credit cards, the ...

Note: “Online banking or direct transfers” includes payments using a bank account number, online banking bill payments and account-to-account transfers. “Other” includes money orders, prepaid/gift/EBT ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal Reserve’s updated Reg II proposal, which would ...

The U.S. Court of Appeals upheld the Federal Reserve’s current rules for debit card interchange fees that require banks to charge retailers a limit of 21 cents for every transaction. The ruling ...

For this month's Wealth Wednesday, our Wealth Advisor Jarrett Felton looks at an oft-asked question: Debit or Credit - which ...