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, …
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NRF Responds to Preliminary Approval of Visa and Mastercard Settlement
The National Retail Federation recently released its response to U.S. District Judge Brian Cogan’s preliminary approval of the proposed settlement in merchants’ class-action antitrust lawsuit against Visa and Mastercard over credit card swipe fees. The National Retail Federation is disappointed …
Read More »DOJ Files Lawsuit Against Visa
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 …
Read More »Consumer Electronics Show Highlights New Retail Possibilities
At the 2021 Consumer Electronics Show® (CES), the ways technology will impact the future of retail were on full display. Featuring presentations from global retail brands, tech entrepreneurs and industry analysts, CES 2021 was a look into the future of …
Read More »Visa Plans Biggest Swipe Fee Changes in a Decade
The rates U.S. merchants pay to accept Visa cards at their stores will see its highest rise in a decade, according to a new report from Bloomberg. Visa’s interchange rates, which are fees charged each time a consumer uses a …
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