Interchange Fees

Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
Durbin Shows Support for Illinois Interchange Law by Filing Amicus Brief
October 08, 2024  |  Legal

U.S. Sen. Dick Durbin of Illinois is supporting an Illinois law that will bar the charging of interchange fees on the tax and tip portions...

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Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
Missing Pieces: What the Pundits Get Wrong About the DOJ Debit Interchange Lawsuit Against Visa
October 01, 2024  |  VISA

After listening to and scrolling through days of “expert” commentary about the lawsuit filed by the DOJ against Visa over debit interchange, I feel compelled...

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Neobanks See An Opportunity As Banks Move Away From Free Services
Neobanks See An Opportunity As Banks Move Away From Free Services
July 05, 2024  |  Banking

The arguably natural consequences of fee caps and limits on debit interchange — and the uncertainty of the regulatory climate — are now showing up...

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Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
Update: Judge in Mastercard and Visa Settlement Case Posts 88-Page Opinion
July 02, 2024  |  Legal

After three days of sparse quotes and speculation, the New York Eastern District court judge presiding over the latest chapter in the proposed credit card...

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Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
Supreme Court Sides With Retailers in Debit Card Swipe Fee Case
July 01, 2024  |  Legal

The Supreme Court handed a victory to retailers battling debit card “swipe fees.” The high court’s 6-3 ruling Monday (July 1) sided with the plaintiffs...

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Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
Report: Judge Expected to Reject Visa, Mastercard Swipe Fee Settlement
June 13, 2024  |  Legal

Credit card swipe fee litigation that has been fought for two decades is reportedly likely to remain unresolved for some time longer. A federal judge...

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UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
UK Tribunal Allows Class Action Lawsuits Against Visa, Mastercard
June 07, 2024  |  Legal

Visa and Mastercard are facing new lawsuits over multilateral interchange fees. The United Kingdom Competition Appeal Tribunal ruled Friday (June 7) that collective proceedings —...

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Making Sense of the Cost of Cash for Businesses
Making Sense of the Cost of Cash for Businesses
June 07, 2024  |  News

Increasingly, the most used wallet in a shopper’s pocket isn’t the leather one. It’s the digital wallet in their phone. That’s also the case with...

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EBay Cutting Amex Ties Over Card Fees
EBay Cutting Amex Ties Over Card Fees
June 05, 2024  |  Credit Cards

Arguing its fees are too steep, eBay is dropping American Express (Amex). The online marketplace will stop taking Amex as a payment option beginning Aug....

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