Banks, Credit Unions File Lawsuit to Stop Illinois Swipe Fee Law
Banking and credit union groups have filed a lawsuit against the state of Illinois, seeking to block the ban on ...
Tag: Swipe Fees
Swipe fees are transaction charges paid by merchants to banks for processing card payments, impacting business costs and influencing pricing strategies across payments and banking industries.
Supreme Court Opens the Door for Swipe Fee Revisions
The Supreme Court has ruled that a convenience store has the right to challenge a 2011 Federal Reserve ruling setting ...
Rejection of the Swipe Fee Settlement Sets up New Battles for Merchants
Now that a federal judge has officially rejected the $30 billion swipe-fee settlement between Mastercard, Visa, and retailers, the credit ...
Illinois Bill Eliminating Swipe Fees on Sales Taxes Inches Closer
An unusual situation is arising in Illinois, where the state legislature has passed a budget bill prohibiting swipe fees on ...
NRF Asks Fed to Drop Swipe Fees Even Lower
The Federal Reserve has proposed a plan to reduce the current cap on swipe fees for credit and debit cards ...
No Reason to Panic Over Mastercard’s Assessment Fees
The Merchants Payment Coalition (MPC) is publicizing documents indicating that Mastercard is increasing its assessment fee as of April 15. ...
Nearly 80% of Americans Have Incurred Credit Card Fees
No one’s a fan of credit card payment fees and that’s evidenced in a recent survey from WalletHub, which revealed that ...
Putting the Visa/Mastercard Swipe Fee Settlement into Context
To settle a lawsuit initiated in 2005, Visa and Mastercard have agreed to reduce their credit card interchange fees by ...
Did Payments Innovation Kill Brick-and-Mortar?
The decline of brick-and-mortar retailers has been a slow and painful death. Nearly 3,200 stores are set to close in ...
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