Under the new proposal, Visa and Mastercard would lower swipe fees by an average of around 0.1 percentage point for several years and cap "standard" consumer card rates at 1.25% for eight years. But ...

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 ...

Business travelers may be the ultimate losers in the latest scuffle between airlines and travel agents over credit card fees. Business travelers may be the ultimate losers in the latest scuffle ...

A decadeslong lawsuit between Visa Inc., Mastercard Inc. and a large cohort of merchants could finally be nearing its conclusion — with potential implications for shoppers if stores choose to limit ...

Nine years ago, the $5.7 billion sticker price to settle one of the biggest class-action lawsuits ever was rejected. Last ...

If approved, the settlement could ultimately save merchants more than $200 billion over the course of the settlement period, according to Joseph Stiglitz and Keith Leffler, who served as expert ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

Visa Inc. and Mastercard Inc. agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants that follows almost two decades of litigation, the parties said ...

Most businesses that accept credit cards are assigned a merchant code, sometimes called a merchant category code. It’s a four-digit number that tells the credit card processing companies a little bit ...

The litigation site says separate agreements have been reached with American Express for $20 million, Discover for $12.2 million, and $119.7 million for Visa’s share and $79.8 million for Mastercard.

Q: Our agency operates its own tours, for which we are the credit card merchant. We would prefer that most clients pay us by check, but some clients want to pay by credit card, which costs us about 4% ...

Many Americans are surprised to find that they are paying more at the pump than expected, and the reason often lies in their choice of payment method. Since 2013, a federal law has permitted ...