Interchange Fees

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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Debit Fee Cap Proposal Comment Period Floods Fed Website
Debit Fee Cap Proposal Comment Period Floods Fed Website
May 23, 2024  |  Bank Regulation

The Federal Reserve’s proposal to lower debit interchange fee caps has drawn a flurry of responses — roughly 2,500 responses, in fact — from trade...

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Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees
May 10, 2024  |  Bank Regulation

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal...

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Senator Marshall Presses for Credit Card Competition Act Vote
Senator Marshall Presses for Credit Card Competition Act Vote
May 08, 2024  |  Credit Cards

U.S. Sen. Roger Marshall, R-Kan., aims to secure a vote on the Credit Card Competition Act (CCCA) by adding it to the Federal Aviation Administration (FAA)...

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Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
Card Networks’ $30 Billion Interchange Settlement Kicks Open Merchant Surcharge Door
March 26, 2024  |  Legal

The simple math on the swipe fee agreement reached by Visa and Mastercard announced Tuesday (March 26) indicates that consumers may not feel much impact...

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As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
As Chime Mulls IPO, Neobanks Grapple With Uneven Profitability
March 26, 2024  |  Digital Banking

As they say in horse racing and on Wall Street: You pays your money and you takes your choice. The news that Chime Financial is mulling an...

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Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
Why the Credit Card Competition Act Won’t Lower Merchant Interchange Fees
March 11, 2024  |  Credit Cards

In 1955, the island nation of Borneo was in the throes of a serious malaria virus outbreak. It turned to The World Health Organization for...

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Will JPMorgan Help Spark Pan-European Network Buildout a Decade After Monnet?
Will JPMorgan Help Spark Pan-European Network Buildout a Decade After Monnet?
March 06, 2024  |  Payment Methods

In the bid to build out a pan-European card network, will it be different this time? More than a decade ago, the Monnet Project Association,...

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