The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...

As part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants. But not everyone sees this as a satisfying end to a legal battle that stretched on ...

Visa and Mastercard announced a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, after a judge rejected an earlier $30 billion accord ...

NEW YORK - A landmark antitrust class action settlement has been reached between U.S. merchants and Visa and Mastercard to resolve claims for a lawsuit entitled "In re Payment Card Interchange Fee and ...

Visa and Mastercard announced a major settlement with U.S. merchants on Tuesday, potentially ending nearly two decades of litigation over the fees charged every time a credit or debit card is used in ...

WASHINGTON, D.C.- Senators on Capitol Hill grilled credit card executives Tuesday. The questioning focused on the swipe fees credit card companies charge merchants and its trickle down to consumers.

The measure is similar to an Illinois law passed last year. Under the bill, banks and card networks would be barred from charging credit card or debit card swipe fees on sales tax beginning Oct. 1.

During the roughly three years since the pandemic, small-business owners have struggled with higher labor costs, increasing rents, and inflation-driven spikes in the prices of supplies. But many ...

Visa and MasterCard announced a settlement with U.S. merchants related to swipe fees, a development that could save consumers tens of billions of dollars. Subscribe to read this story ad-free Get ...

March 26 (UPI) --Visa, Mastercard and their card-issuing banks settled a decades-old federal lawsuit in New York brought by merchants over high swipe fees. The settlement, which only applies to ...