PYMNTS-MonitorEdge-May-2024

credit card fees

Visa and Mastercard Interchange Fee Increases May Come in October, April
Visa and Mastercard Interchange Fee Increases May Come in October, April
August 30, 2023  |  Credit Cards

Visa and Mastercard are reportedly preparing to raise the credit card fees paid by merchants. Those increases are scheduled to start in October and April,...

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Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
Instant Payments Promise Better Consumer Experiences and Merchant Efficiencies
February 24, 2023  |  Real-Time Payments

There’s a not-far-off future where plastic credit and debit cards will be less popular with rising consumer groups drawn to instant payments, and that’s OK...

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Rep. McHenry Decries Biden’s Credit Card Late Fee Plan
Rep. McHenry Decries Biden’s Credit Card Late Fee Plan
February 02, 2023  |  Credit Cards

A leading House Republican says President Biden’s proposed credit card fee cap will hurt consumers. Announced by the Consumer Financial Protection Bureau (CFPB) Wednesday (Feb....

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Visa and Mastercard Blame Fraud for Increased Cross-Border Fees
Visa and Mastercard Blame Fraud for Increased Cross-Border Fees
August 24, 2022  |  Credit Cards

Visa and Mastercard have blamed fraud and growing competition for the increase in their cross-border fees since the U.K. left the European Union, a post...

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NEW DATA: Nearly Half of Credit Card Users Would Switch Merchants to Avoid Surcharges
NEW DATA: Nearly Half of Credit Card Users Would Switch Merchants to Avoid Surcharges
June 14, 2022  |  Credit Cards

A little knowledge can go a long way. This might be sage advice to the growing number of merchants levying surcharges on credit card transactions...

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Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
Merchants Seek Bottom-Line Benefits From Credit Card Surcharges
May 12, 2022  |  Credit Cards

Legal obstacles to surcharges on credit card transactions have been dropping for much of the past decade as courts continue to rule that the surcharges...

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UK Lawsuit Against Mastercard Gains Court Support
UK Lawsuit Against Mastercard Gains Court Support
April 16, 2019  |  Legal

A consumer lawsuit against Mastercard in the U.K. got approval to move forward after a court reversed a ruling by the Competition Appeal Tribunal. According...

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Kroger Widens Ban On Visa Credit Cards
Kroger Widens Ban On Visa Credit Cards
March 01, 2019  |  Retail

Supermarket firm Kroger has expanded its ban on accepting Visa credit cards, stating on Friday (March 1) that its Smith’s Food and Drug unit will...

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Card Networks Mull Fee Increase
Card Networks Mull Fee Increase
February 15, 2019  |  Retail

The costs of using some cards is going on the incline, as news is breaking that the nation’s two largest card networks, Visa and Mastercard,...

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