In line with the increase in mobile credit card payments and the rising number of merchants that accept mobile payments, a growing number of consumers are engaging in mobile banking. According to a recent survey by technology, outsourcing and consulting company Infosys, consumers appreciate the convenience and ease of using their mobile devices to carry out [...]

Visa introduced the Transaction Integrity Fee (TIF) in April 2012. The TIF is $0.10 per transaction and will be assessed on debit and prepaid card transactions that do not qualify for Custom Payment Service (CPS). The TIF is charged in addition to the applicable interchange fee and discount rate. This means that regulated debit transactions [...]