Justices Ketanji Brown Jackson, Sonia Sotomayor and Elena Kagan gave the dissenting votes on the swipe-fee decision. The Fed rule came out of the 2010 Dodd-Frank Act, which included a provision ...
— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing ...
The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...
More retailers have started passing along the cost of credit and debit card purchases directly to their customers.For today’s ...
High card-acceptance fees are the root cause for why some merchants are charging consumers for cash back at the point-of-sale, a service merchants have historically provided consumers even though ...
Total fees increased by more than $15 billion from the previous year. Last December, Rovertown partnered with Weigel's and St. Romain Oil Co., operator of Y-Not Stop c-stores, to integrate swipe fee ...
New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit ...
Suppressing alternative card networks, which connect a cardholder's bank to the merchant's bank when a purchase is made, has reduced competition in the market and "slowed innovation in the debit ...
The financial industry was stunned last summer when the Federal Reserve handed down a rule that effectively halved the amount banks could charge stores every time one of their customers swiped a debit ...
Other surcharges that consumers may encounter include a “fair wage” or “living wage fee” surcharge, which is designed to be ...
WASHINGTON, March 29 (Reuters) - Opponents of a U.S. government crackdown on debit card processing fees called for delaying its implementation on Tuesday, with one top MasterCard executive equating ...
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