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 ...

Have you ever had that surprise moment at a cash register where you've pulled out your credit card, ready to pay, and then the cashier announces there is an extra fee for paying with a credit card?

Two of the world's largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, agreed to settle a decadeslong antitrust case brought upon by merchants. The ...

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 ...

Merchants’ disdain for interchange is well documented, but one aspect of card-acceptance costs that gets drowned out by the outcry over interchange is that rising processing fees are hitting merchants ...

NEW YORK (Reuters) - A Wells Fargo Bank joint venture that provides credit card processing services to merchants across the country has been hit with a lawsuit accusing it of using misleading sales ...