Trump targets card swipe fees
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In a case challenging the Federal Reserve's debit interchange fee rule, America's Credit Unions joined together with a group of financial trade organizations in support of the Federal Reserve in urging the U.
With card acceptance becoming a near-necessity in vending due to declining cash usage, processing fees can put meaningful pressure on already thin margins.
Recent updates show Mastercard continuing to earn fees on every network transaction, investing in tokenization and open banking, and reporting solid U.S. holiday spending growth through its SpendingPulse data.
I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more meaningfully with your partners and influence your company's ...
Retailers are urging a U.S. District Court judge to reject another settlement that Visa and Mastercard have proposed in the longstanding lawsuit against them and their banking partners concerning credit card interchange fees. Visa and Mastercard unveiled ...
Illinois legislators voted to delay for one year a ban on certain credit card fees that was set to take effect July 1 amid a legal challenge by banks. A measure passed by legislators and signed into law by Gov. JB Pritzker last year would prevent banks and ...
Illinois Gov. J.B. Pritzker signed a bill delaying the implementation of the state's ban on interchange fees from taxes or tips until July 2026. WASHINGTON — Illinois Gov. J.B. Pritzker signed a bill delaying the implementation of a ban on interchange ...
Visa and Mastercard are offering to lower the fees they charge merchants to accept their credit cards to settle 20 years of litigation, but some merchant groups say it's all "smoke and mirrors" and nothing in the plan will save anyone money. Under the $200 ...
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