“This is a historic settlement,” said Bonny Sweeney, a lawyer for the plaintiffs. The settlement “will help shift the competitive balance from one formerly dominated by the banks which controlled the card networks to the side of the merchants and consumers,” said Craig Wildfang, who also represented the plaintiffs.
Author: Tameka Riley
First Tennessee Bank Introduces Its New Debit Card for UT Vols Fans
First Tennessee Bank, a longtime corporate supporter and the official bank of the University of Tennesse’s Vols and Lady Vols, already offers Big Orange checking, with personalized checks.
Prepaid Debit Cards vs. Secured Credit Cards
Prepaid Debit Cards vs. Secured Credit Cards: What’s the difference? Most people assume they are the same, but there are some striking differences. While they both offer guaranteed approvals, requiring you to use your own money for deposits, there are some striking differences. This article will help you assess your situation and determine just which… Continue reading Prepaid Debit Cards vs. Secured Credit Cards
Fifth Third Bank’s New ‘Stand Up to Cancer’ Debit Card Offering Drives Funding for Cancer Research
Fifth Third Bank this week announced the launch of the Fifth Third Stand Up to Cancer Debit MasterCard. Stand Up To Cancer is a groundbreaking initiative that facilitates scientific collaboration to accelerate innovative cancer research and bring new therapies to patients quickly. The card is now available by visiting any of the Bank’s more than… Continue reading Fifth Third Bank’s New ‘Stand Up to Cancer’ Debit Card Offering Drives Funding for Cancer Research
Reports Show Bank Customers Need More Protection From Debit Card Overdraft Fees
A report released this week by the Consumer Financial Protection Bureau shows bank customers need more protection from debit card overdraft fees. The report focuses on overdraft fees banks charge customers when they overdraw their checking account with a debit or ATM card. Before mid-2010, when customers didn’t have enough money on their checking account… Continue reading Reports Show Bank Customers Need More Protection From Debit Card Overdraft Fees
CardFlex’s Student Prepaid Debit Card Are Providing Universities and Students with Both Financial & Facility Security
In the wake of the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 (CARD Act), college students are no longer finding themselves inundated with high-interest credit card offers. With debit card popularity on the rise, both students and campuses are taking advantage of the financial and facility security offered by debit cards. The rising… Continue reading CardFlex’s Student Prepaid Debit Card Are Providing Universities and Students with Both Financial & Facility Security