swipe fees

Shoppers May Ditch Preferred Merchants If Credit Card Surcharges Expand
Shoppers May Ditch Preferred Merchants If Credit Card Surcharges Expand
April 19, 2024  |  Retail

With consumers struggling under ongoing financial challenges, many may find credit card surcharges to be the proverbial straw that breaks the camel’s back, leading them...

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Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
March 26, 2024  |  Legal

The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact...

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Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
Mastercard, Visa Reach Settlement With Merchants in Swipe Fee Lawsuit
March 26, 2024  |  Credit Cards

Mastercard and Visa have reached a class action settlement with U.S. merchants, in a deal that aims to end 20 years of antitrust litigation around...

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Federal Reserve Extends Comment Period on Interchange Fee Proposal
Federal Reserve Extends Comment Period on Interchange Fee Proposal
January 23, 2024  |  Bank Regulation

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...

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5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in 2024 
5 Things to Watch in Courts and on Capitol Hill that Will Impact Payments in...
December 20, 2023  |  Regulation

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....

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Lawsuit Accuses Visa of Electronic Payment Monopoly
Lawsuit Accuses Visa of Electronic Payment Monopoly
December 11, 2023  |  Legal

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...

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Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
Durbin Sets Sights on Frequent Flyer Rewards and Takes CCCA Battle to the Skies
October 31, 2023  |  Loyalty & Rewards

The fight over the Credit Card Competition Act (CCCA) has taken to the skies. This week, Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., who...

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Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
Fed Proposes Slashing Debit Interchange Fees by 30%, to Review Caps Every Two Years 
October 25, 2023  |  Bank Regulation

The most significant overhaul of debit card interchange fees in more than a decade looms, where those fees may be cut by roughly 30%. In...

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Fed Expected to Propose Review of Debit Card Fee Cap
Fed Expected to Propose Review of Debit Card Fee Cap
October 25, 2023  |  Bank Regulation

The Federal Reserve will meet Wednesday (Oct. 25) to tackle merchant debit card fees. As a report by Reuters notes, analysts expect the central bank will propose...

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