Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

The Merchants Payments Coalition claims that the average family in the U.S. pays $1,200 per year to cover the costs of swipe ...

In a Truth Social post, President Trump backed a bill called the Credit Card Competition Act (sometimes called the ...

Like most businesses, you may accept credit cards as a form of payment from your customers. This also means connecting with a merchant service provider to complete your transactions. They are the ...

US retail groups are urging lawmakers to reform credit card swipe fees, saying dominant networks limit merchant choice.

When it comes to processing credit card payments, you have to spend money to make money. Every player in the payments value chain, including the issuer, acquirer or processor and card network, deducts ...

With card acceptance becoming a near-necessity in vending due to declining cash usage, processing fees can put meaningful ...

We all know how convenient it is to swipe our credit cards for everyday purchases. In fact, as of 2022, 82% of U.S. adults had a credit card, making it the most common consumer lending product. In ...

A proposed settlement to long-running litigation over credit card fees could mean you could pay more at stores to use certain types of credit card, or even have your card rejected. Visa and Mastercard ...

Credit card surcharging is on the rise. Imposing a surcharge in a compliant manner is more than adding a fee at the point of sale. Below we review on a high level the legal and commercial ...