Category: Debit Cards
30-Day Free Trial: Download of QuickBooks Point of Sale Software
Did you know that QuickBooks offers a complete Point of Sale (POS) solution? Right now, it’s available as a free download (FREE 30-trial). QuickBooks is designed to speed up everyday tasks and give you the tools you need to grow your business. With QuickBooks POS you can: Process credit cards,…
Law to Reduce Debit Card Fees to Retailers Has Opposite Effect
We’ve had many negative things to say about the debit card reform law that went into effect a few months ago (AKA the Durbin Amendment). We’ve repeatedly made claims that retailers won’t participate in the savings but for the few that do, those savings won’t be passed on to the consumer. According to a recent [...]
Legislators move to ban consumer debit fees
To recover revenue lost from the cap imposed on debit card interchange fees by the Durbin Amendment to the Wall Street Reform and Consumer Protection Act of 2010, several big banks have instituted new consumer fees. In response, a growing number of bank customers are reportedly moving their accounts to less expensive financial institutions, and [...]
Don’t Make Us Pay is Back at it Again
After months of silence, we received a mass e-mail yesterday from the infamous dontmakeuspay.org: Tell Your Congressman: Repeal the Durbin Amendment! Take Action! You know all too well the harm that the Durbin amendment on debit cards has caused to debit card users like you. Across America, we’re seeing higher fees, the end of free checking [...]
Heartland offers Durbin impact insights
Life under the Durbin Amendment to the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act has begun, and some merchant segments are seeing substantial benefits. But not all card-accepting businesses are faring well; those with large volumes of small-ticket items are paying more to accept debit cards than they were before Oct. 1, 2011. [...]
Debit after Durbin
Is the Durbin Amendment the death knell for debit card programs? The answer depends on where one falls along the debit card food chain. Acquirers, ISOs, merchant level salespeople and regional EFT networks could fare well. Card issuers, consumers and smaller merchants may not be as fortunate. The Durbin Amendment to the Dodd-Frank Wall Street [...]
Wells Fargo Quits Debit Rewards
Wells Fargo Bank N.A. is again leading the industry in the rush to makeup losses imposed on the debit card industry by the Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Wells Fargo recently launched a five-state trial of a monthly $3 debit card fee. The bank acknowledged the [...]
