Letter: Congress Should Act on 'Swipe' Fees
Most consumers don’t know it, but the average family pays hundreds of dollars a year because of hidden “swipe” fees banks charge merchants to process credit card transactions.
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Grocers Need Competition on Credit Card Fees
Rather than competing like other vendors, virtually all banks that issue Visa and Mastercard cards follow fee schedules set by the two networks and refuse to negotiate.
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Congress Should Better Control Swipe Fees
As a merchant who sees my pocket picked every day by Visa, Mastercard and the big banks, I strongly believe it’s time for Congress and the nation’s banking regulators to do something about the growing problem of “swipe” fees.
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Trade Group Seeks Biden Antitrust Focus on Payments
The Merchants Payments Coalition (MPC) called on the Biden administration to include the payments industry in its federal crack down on antitrust concerns in American business.
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Colorado scraps ban on credit card surcharges
Colorado passed a new law this week jettisoning its ban on credit card surcharges, leaving only two states with such prohibitions as a nationwide legal campaign against the ban gains ground.
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Deep Dive: The Impact Of Interchange Fees And How Global Firms Can Optimize Cross-Border Payments
Plans for card network giants Visa and Mastercard to raise interchange fees in April were met with resistance among merchants and politicians, as many businesses are still workin
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Merchants Call on Fed to Cut Debit Card Swipe Fee
The Merchants Payments Coalition called on the Federal Reserve to revise debit card swipe fee regulations adopted a decade ago, citing a new Fed report showing banks’ average cost of processing the transactions has fallen by ha
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Fed Proposes Review of Debit Transaction Routing, but Leaves Fee Alone
The Fed will review whether a rule requiring options in routing debit transactions is being followed, but angered merchants when it kept the cost basis for a national debit fee cap unchanged.
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Visa, Mastercard Face Biggest Challenges in a Decade
Regulatory, legislative and court confrontations over the card network companies' fees are ratcheting up pressure again for reform of the behemoths' practices.
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U.S. Justice Department Probing Visa Over Debit Practices
The Justice Department is looking at Visa Inc’s debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market.
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