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 ...
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Swipe past $5,000 and this is what really happens
Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...
A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...
Marylanders are no strangers to the strain brought on by stubbornly high expenses. Our state’s cost of living remains 13% higher than the national average, so it’s clear we need action from Congress ...
Visa and Mastercard are offering to lower the fees they charge merchants to accept their credit cards to settle 20 years of litigation, but some merchant groups say it's all "smoke and mirrors" and ...
The Credit Card Competition Act (CCCA) aims to reduce credit card swipe fees charged to small businesses. New Jersey small businesses paid over $3 billion in swipe fees in 2023, impacting consumers ...
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