“Heartland provides our retail locations with dependable and secure card processing solutions as well as exceptional customer service,” says CITGO spokesperson. CITGO Petroleum Corp. has signed a three-year contract extension with Heartland Payment Systems, which will continue authorizing debit and credit card transactions at approximately 6,000 CITGO-branded locations nationwide. Heartland is a payments processor in…
Breaking News: Lawsuit Filed Over Fed’s Swipe Fee Ruling
“The Federal Reserve missed an opportunity to give consumers the relief that they deserve and this needs to be corrected,” says NACS president and CEO Hank Armour. Flawed debit card swipe fee reform regulations issued by the Federal Reserve have allowed big banks to continue charging unjustifiably high swipe fees and discouraged price competition among…
Banks Raise Fees To Compensate For Debit Reform
After Durbin Amendment, banks begin charging customers monthly fees. Banks are fighting back as the Durbin Amendment is set to go into effect Oct. 1. The Federal Reserve Board in June ruled that per the Durbin Amendment debit swipe fees would be capped at 21 cents per transaction—down from 44 cents. But now banks are…
Prepaid
TOP PERFORMERS PaySpot Inc. Coinstar Inc. Verizon HONORABLE MENTIONS InComm AT&T With the economy bogged down in a recession and job losses at the highest levels in decades, spooked consumers are no doubt learning to live on less—less money, less credit and less frivolity. Prepaid solutions—whether it’s wireless sales, debit card transactions, gift cards and…