Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

U.S. Payment Behavior Likely To Shift Again Soon, Says Auriemma Consulting Group

Tuesday, September 20, 2011 - 6:12 PM
NEW YORK, Sep 20, 2011 (BUSINESS WIRE) -- Now that the implications of the Durbin Amendment are sinking in, banks are responding cautiously to the new economics of debit cards. With interchange revenue streams cut in half, most banks will feel the need to begin charging some kind of fee and dropping rewards on debit cards. According to The Debit Report, a syndicated publication of Auriemma Consulting Group (ACG), banks' caution is warranted: new pricing will put a significant amount of spending "in play."
MikeMike327 posts since
Feb 22, 2010
Rep Points: 876