Mastercard Inc.’s chief executive early Wednesday deplored the recent collapse of a key interchange settlement and highlighted the card company’s rapid progress in tokenization, a key technology that ...

In October 2023, the Federal Reserve Board issued a proposal to lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction. The due date for comments on ...

Legislation to limit credit card interchange fees, also called “swipe” fees, is moving through Congress, cheering some consumer and retail groups and worrying others, who say they fear it would harm ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...