Merchants Voice Concerns Over Potential Change to Debit Fee Rules
The landmark digital assets-governing CLARITY Act is under consideration in the U.S. Senate, but merchants are taking issue with a potential amendment to the bill that could alter longstanding debit fee rules. The Durbin Amendment to the Dodd-Frank Act separated banks into two tiers, with the dividing line set at $10 billion in assets. Banks […]
Amazon Rolls Out New Business Cards, Its First with U.S. Bank
A new shake-up is coming to small business payments as Amazon expands its card strategy through a partnership with U.S. Bank, introducing two new business cards on the Mastercard network. The launch marks a notable shift—these are Amazon’s first business cards issued outside of American Express after an eight-year partnership. Amazon also continues to offer […]
Inside Banking’s $10 Billion Inflection Point
Crossing $10 billion in assets isn’t just a milestone for financial institutions—it’s a turning point. What looks like a measure of growth quickly becomes a fundamental shift in how a bank operates, earns revenue, and manages risk. However, this landmark also brings substantial regulatory and compliance obligations, including changes to debit card revenue streams, mandatory […]