Interchange Fees

Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024  |  Legal

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card...

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Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024  |  Legal

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” The high court’s 6-3 ruling Monday (July 1) sided with the plaintiffs...

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Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024  |  Legal

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. A federal judge...

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UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
June 07, 2024  |  Legal

Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings —...

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Making Sense of the Cost of Cash for Businesses
Making Sense of the Cost of Cash for Businesses
June 07, 2024  |  News

Increasingly, the most used wallet in a shopper’s pocket isn’t the leather one. It’s the digital wallet in their phone. That’s also the case with...

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EBay Cutting Amex Ties Over Card Fees
EBay Cutting Amex Ties Over Card Fees
June 05, 2024  |  Credit Cards

Arguing its fees are too steep, eBay is dropping American Express (Amex). The online marketplace will stop taking Amex as a payment option beginning Aug....

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Debit Fee Cap Proposal Comment Period Floods Fed Website
Debit Fee Cap Proposal Comment Period Floods Fed Website
May 23, 2024  |  Bank Regulation

The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade...

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Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
May 10, 2024  |  Bank Regulation

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal...

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Senator Marshall Presses for Credit Card Competition Act Vote
Senator Marshall Presses for Credit Card Competition Act Vote
May 08, 2024  |  Credit Cards

U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA)...

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