Sentences with phrase «billions on debit card»

Banks make billions on debit card overdraft fees, and without the opt ins, the banking industry could lose out.

Not exact matches

COPENHAGEN, Oct 4 - The value of retail purchases with the Danish national debit card, Dankort, grew 4.8 percent in September from a year earlier to 24.5 billion Danish crowns, card payment services firm Nets said on Thursday.

COPENHAGEN, Oct 4 (Reuters)- The value of retail purchases with the Danish national debit card, Dankort, grew 4.8 percent in September from a year earlier to 24.5 billion Danish crowns, card payment services firm Nets said on Thursday.

The huge and growing amount of credit card debit results in millions of people paying billions of dollars on high interest credit card bills, instead of saving and investing for a financially secure future.

The uptick coincided with an amendment, known as the Durbin Amendment, to the Dodd - Rank bill which lowered the interchange fee on debit card transactions and ended up costing the banks an estimated $ 14 billion a year.