Visa and Mastercard have announced an updated settlement in a 20-year legal battle with merchants. The agreement, which still requires approval from the Eastern District Court of New York, was announced by the two payments companies Monday (Nov. 10). If approved, the settlement would mark...
Chase has introduced substantial changes to its Chase Sapphire Reserve card, its premium travel card. Due to go into effect June 23, the updated card offers users $2,700 in yearly benefits, including all existing perks plus new ones related to how customers collect and spend...
The European Commission is reportedly looking into fees charged by Visa and Mastercard in a move that could lead to a formal probe. The competition regulator sent requests for information to market participants last week, asking about fees they impose on financial institutions that provide...
The American Bankers Association (ABA) said the proposed amendments to Regulation II that would cap debit card interchange fees are “fundamentally flawed and should not be finalized.” In a Thursday (Dec. 12) letter addressed to Federal Reserve Board Chair Jerome H. Powell, ABA Senior Vice...
June 24, 2024
The Consumer Financial Protection Bureau’s (CFPB) rules that seek to remove medical debt from credit reports and cap card late fees are proving wildly popular with the general public. But there may be unintended consequences — upending the ways in which providers and patients interact and upending credit access in general. The rules have yet […]
May 21, 2024
Higher fees from the payments networks across the pond have not translated into better service, according to a new report. The U.K.’s Payment Systems Regulator (PSR) issued a 158-page report...
February 24, 2023
There’s a not-far-off future where plastic credit and debit cards will be less popular with rising consumer groups drawn to instant payments, and that’s OK with merchants, who will save...
May 12, 2022
Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges are permissible. This is good...
March 31, 2026
Australia’s central bank will prohibit surcharges on debit and credit cards starting in October. The Reserve Bank of Australia (RBA) announced its plans Tuesday (March 31), along with its intention to lower the cap on credit card interchange fees merchants pay to banks. “The surcharging framework, introduced more than two decades ago, is no longer […]
November 10, 2025
Visa and Mastercard have announced an updated settlement in a 20-year legal battle with merchants. The agreement, which still requires approval from the Eastern District Court of New York, was...
June 18, 2025
Chase has introduced substantial changes to its Chase Sapphire Reserve card, its premium travel card. Due to go into effect June 23, the updated card offers users $2,700 in yearly...
May 23, 2025
The European Commission is reportedly looking into fees charged by Visa and Mastercard in a move that could lead to a formal probe. The competition regulator sent requests for information...
