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 ...

FILE - This April 22, 2005, file photo, shows logos for MasterCard and Visa credit cards at the entrance of a New York coffee shop. Visa and MasterCard announced, Tuesday, March 26, 2024, a settlement ...

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 ...

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.

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.

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 ...

Many people should pay less for using a credit card moving forward. Mastercard and Visa say they’ve settled a class action lawsuit with merchants. Many of you should pay less for using your credit ...

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 ...

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 ...