debit card transactions

NEW YORK -- Legislation known as the Durbin Amendment that limits fees banks can charge retailers on debit card transactions is proving more damaging than previously thought, according to analysts.

Dallas (PRESS RELEASE – July 9, 2010) — Furthering its commitment to small businesses, AT&T today announced that it has joined forces with Apriva, a leader in the wireless payment industry, to deliver new mobile payment applications that can enhance productivity and cash flow.

The applications, AprivaPay™ and AprivaPay Professional, turn smartphones into point-of-sale devices that accept credit and debit card transactions.

AT&T is the first wireless carrier to provide mobile point-of-sale solutions from Apriva.

Flexing newfound muscle as consumer protector, the Federal Reserve today banned overdraft fees on automated teller machine and debit-card transactions unless consumers have actively opted for an overdraft protection service.

The Federal Reserve has issued a new rule that will prohibit banks from charging overdraft fees on ATM and debit card transactions unless a customer allows it.

Washington, D.C. (August 1, 2008) - President Bush has signed into law a mammoth piece of housing legislation that includes assistance for homeowners facing foreclosure, a one-time tax credit of up to $7,500 for first-time buyers and a plan to aid struggling federal mortgage giants, Fannie Mae and Freddie Mac.

Unfortunately, the bill includes a new tax regulation provision that is opposed by the National Association for the Self-Employed (NASE).