Credit Card Users Could Lose in Swipe Fee Settlement
Retailers reached an antitrust settlement on interchange fees with Visa, MasterCard and several large banks that will be good for merchants but might penalize cardholders with higher prices or...
View ArticleMajor Retailers Oppose Swipe Fee Settlement
Many analysts considered the $7.25 billion credit card interchange fee settlement to be a significant victory for retailers. But the world's two largest retailers, Walmart and Target, have both come...
View ArticleRestaurants Join Growing Opposition to Swipe Fee Settlement
Another major trade association has come out against the $7.25 billion settlement between some retailers and Visa and MasterCard over the interchange fees on credit card transactions. Today, the...
View ArticleRetailers Continue to Battle Credit Card Settlement
The majority of plaintiffs named in the record $6 billion class-action settlement with Visa and MasterCard are now mounting an eleventh-hour effort to block the settlement. Ten of the 19 trade groups...
View ArticleSwipe Fee Settlement Gets Preliminary Approval
Despite an outcry from retailers and trade groups, the proposed $7.25 billion settlement between merchants and Visa, MasterCard and several large banks over interchange fees took another step to...
View ArticleRetailers to Appeal $7.25 Billion Swipe Fee Settlement
Retailers continue to fight hard against the $7.25 billion interchange fee settlement between merchants and Visa, MasterCard and several banks. On Tuesday, ten merchants and trade groups filed notice...
View Article21 Cent Swipe Fee Cap Remains after Appeal
Last Friday, a federal appeals court upheld the Federal Reserve's 21-cent cap on swipe fees that banks are allowed to charge merchants on debit card transactions. In 2011, Congress asked the central...
View ArticleLowCards.com Weekly Credit Card Update–March 11, 2016
Apple Pay’s Best Friend? Slow Chip-and-Dip EMV Cards The US has long lagged behind other countries in its adoption of chip-enabled credit cards (also known as EMV cards). With a mere 37% of US...
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