The Federal Reserve Board has extended the comment period on its interchange fee proposal. Originally set to end on Feb. 12, the comment period is...
Debit card users in nearly a dozen states have been granted the ability to pursue class-action claims against American Express. This follows a Tuesday (Jan. 9)...
Card interchange fees have fierce defenders and heated detractors. Turn on the financial news, and commentary might touch on whether cards are “free” — and...
December’s on the way out. Congress is quiet, on recess until the beginning of next year. The Supreme Court’s not hearing arguments at the moment....
Beyond the card networks, among those that may feel the squeeze should cross-border interchange fees see new caps in the United Kingdom are neobanks. As...
Visa and Mastercard are under pressure to cap cross-border merchant fees in the U.K. The Payment Systems Regulator (PSR) on Wednesday (Dec. 13) published an update to its review of cross-border...
Visa is reportedly facing an antitrust lawsuit alleging that it has blocked fair competition in the credit and debit card processing market. MiCamp Solutions, a provider...
Class-action settlements often involve websites with information for the class members. But in the case of a multibillion-dollar class action lawsuit against Visa and Mastercard,...
The debate over interchange is now fully underway (again) on Capitol Hill. The question remains as to what happens with rewards programs — the sweeteners,...