A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release issued by the co-plaintiffs in a lawsuit challenging the law. The order extended to federal credit...
A trio of senators have lent their support to the Credit Card Competition Act. Sens. Angus King, I-Maine, Cynthia Lummis, R-Wyo., and Bernie Moreno, R-Ohio, have signed on as co-sponsors of the bill, which is opposed by banks and credit unions and supported by merchants...
State lawmakers are intensifying their scrutiny of the fees consumers encounter at checkout, pursuing measures that range from restrictions on credit and debit card surcharges to broader “junk fee” disclosure mandates and limits on interchange fees. An analysis by attorneys with the Global Advertising Lawyers...
Boost Payment Solutions’ B2B payments platform has helped customers reduce their interchange costs by nearly 44% since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The platform has helped customers save $14.7 million in acceptance costs across more than $1.2 billion in qualifying transaction volume...
July 02, 2024
After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card swipe fee settlement between Visa, Mastercard and millions of merchants has posted her 88-page opinion. The opinion comes almost a week after U.S, District Judge Margo K. Brodie indicated she […]
June 25, 2024
Nothing’s settled, it seems — except that the $30 billion so-called “swipe fee” settlement is, at least in this incarnation, seemingly dead and gone. And what comes next is almost...
June 07, 2023
If at first you don’t succeed, try, try again. That seems to be the prevailing sentiment Wednesday (June 7) when it was announced that the Credit Card Competition Act legislation is...
February 05, 2020
In today’s top payments news, former Bank of France Governor Christian Noyer said a centralized, global eCurrency is still at least a decade away, the U.S. economy could lose $10.3...
October 26, 2026
A federal appeals court has upheld a lower court ruling striking down the Federal Reserve’s 21-cent cap on debit card interchange fees. This latest decision was handed down Monday (Oct. 26) by a three-judge panel of the 8th U.S. Circuit Court of Appeals, affirming a ruling last year that vacated the cap. The decision stems […]
September 23, 2026
A U.S. District Court ruled Tuesday (Sept. 22) that federal credit unions cannot be forced to comply with the Illinois Interchange Fee Prohibition Act (IFPA), according to a Tuesday press release issued...
August 10, 2026
A trio of senators have lent their support to the Credit Card Competition Act. Sens. Angus King, I-Maine, Cynthia Lummis, R-Wyo., and Bernie Moreno, R-Ohio, have signed on as co-sponsors...
June 23, 2026
Boost Payment Solutions’ B2B payments platform has helped customers reduce their interchange costs by nearly 44% since Visa’s Commercial Enhanced Data Program (CEDP) launched in October. The platform has helped customers...