Tag Archives: swipe fees

The Merchant Payments Coalition recently announced that nearly 1,000 businesses and trade associations have called on a federal judge to reject the proposed settlement of merchants’ lawsuit over Visa and Mastercard credit card swipe fees that drive up consumer prices, …

The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, claiming the company is monopolizing debit card transactions and penalizing industry participants that want to use alternative debit networks.  Annually, Americans—including many who lack easy access to …

The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than …

AIMED AT ENHANCING COMPETITION and choice in the credit card network market, the Credit Card Competition Act (CCCA) was introduced in July 2023 into the U.S. House and Senate. The CCCA strives to reduce credit card interchange fees, also known …