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July 13, 2009

Two Looks at ACH

PaymentsViews_logo-140px.jpgToday over on our sister site PaymentsViews.com, our Glenbrook colleagues Carol Coye Benson and Erin McCune have each published articles about ACH. Carol recently interviewed NACHA CEO Jan Estep - see her article ACH: Big Questions for the Biggest Network. Erin's article discusses her thoughts on the future of ACH.

Annual Fees on Credit Cards Are Coming Back

annualfees.gifAuriemma Consulting Group says that "reduced revenues will drive credit card issuers to introduce cards with annual fees to consumers in the near future. Cards without annual fees will not feature rewards and will only offer cardholders basic benefits." READ MORE »

7-Eleven and Credit Card Interchange Fees

7-Eleven-unfairfees.jpgThe Consumerist takes note of 7-Eleven's new campaign to get customers to sign a petition to Congress protesting payment card interchange fees. "The vendor of last resort is mad about interchange fees, the fees banks charge merchants for accepting a credit card payment. The recent credit card legislation signed into law protected consumers from rate increases, but stayed silent with regards to interchange fees."

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