Tag: money transaction


The US Federal Reserve proposes new single cap on interchange fees

October 31, 2023

Via: FinTech Futures

The proposals specifically seek to determine whether interchange fees for processing a transaction are “reasonable and proportional to certain issuer costs”. It forms the most significant update to the cap since the Reserve first implemented restrictions on debit card issuers […]

Channels, Retail Banking

World bank predicts sharpest decline in remittances in recent history

April 22, 2020

Via: Finextra

The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be more vulnerable to loss of employment and wages during an […]