Debit Cards – MOSAEC

The $5 Limit on Overdraft Fees May Soon Be Struck Down

The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some tips on how to avoid or reduce your costs.

By Ann Carrns

Banking and Financial Institutions Computers and the Internet Consumer Behavior Consumer Protection Credit Cards Debit Cards E-Commerce Elderly Frauds and Swindling Mobile Applications Mobile Commerce and Payments Personal Finances Regulation and Deregulation of Industry Smartphones United States US Dollar (Currency)

Payments Are Going Digital, but Many Seniors Still Rely on Cash

“We’re putting another burden on the elderly that we don’t have to,” one researcher said.

By Paula Span

Antitrust Laws and Competition Issues Debit Cards Justice Department Visa Inc

U.S. Accuses Visa of Monopoly in Debit Cards

The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.

By Lauren Hirsch and Danielle Kaye