News

A bipartisan bill focused on credit-card swipe fees has failed to gain traction for years, but it has another shot in the U.S ...
“Every year, 3% of all of our sales is washed away just to credit card processing,” he said. Merchants have long shouldered these “swipe fees,” the catchall term for businesses’ payments ...
In a recent piece for RealClearMarkets, Indraneel Chakraborty asks the question: “Are credit card swipe fees really too high?” Yet, throughout his piece, Chakraborty makes numerous claims that ...
This story originally appeared on Spotlight PA. A bill that aims to slightly lower credit card “swipe fees” is moving quickly through the Pennsylvania House. But it faces long odds in the state Senate ...
It's the holiday shopping season, which likely means more use of your credit card. And with each swipe, a transaction fee follows. The fee is often paid by the retailer and may be passed onto the ...
Last year, Visa and Mastercard agreed to cap swipe fees for five years, and pay back $30 billion to merchants who said they’d been overcharged on credit card transactions. But in June a federal ...
Act on the news with POLITICO Pro. Banks and credit card companies are contending with new threats to swipe fees that have popped up in statehouses across the U.S. “What has happened in ...
Swipe fees are the charges that Visa, Mastercard, and the big banks impose on retailers for every credit card transaction; amounting to anywhere from 2 percent to 4 percent of the transaction total.
The Credit Card Competition Act is aimed at reducing credit card fees in an attempt to lower costs for businesses and customers. The Credit Card Competition Act is aimed at reducing credit card ...
The Credit Card Competition Act is aimed at reducing credit card fees in an attempt to lower costs for businesses and customers. It's the holiday shopping season, which likely means more use of ...