The Federal Reserve is reportedly ready to propose reducing debit card fees for merchants. The U.S. central bank on Tuesday (Oct. 17) announced a meeting scheduled for Oct. 25 with one topic on the agenda: “Proposed revisions to the Board’s debit interchange fee cap.” Hours...
Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by Commercial and Interregional Card Claims (CICC) cannot proceed now but that the lawyers can provide revised proposals within eight weeks....
Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on an initial proposal to ditch fines for merchants that don’t accept card payments under €60 following heavy backlash, proposing instead...
A new 3% purchase-price charge from Mastercard when customers use a new installment-payment plan has angered some retailers, a Bloomberg report said, which notes that retailers will be enrolled in the program automatically but will be able to withdraw. While some retailers have objected to...
January 15, 2023
Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on an initial proposal to ditch fines for merchants that don’t accept card payments under €60 following heavy backlash, proposing instead to lower merchant fees for electronic transactions in a last-minute […]
June 20, 2017
Our latest Data Drivers finds Karen Webster chewing the fat with Suneera Madhani, CEO and founder of Fattmerchant. The skinny? How to slim down those processing fees and monthly statements.
June 16, 2024
Discover’s Pulse Network has settled a 10-year-old antitrust suit against Visa. Pulse had accused Visa of preventing competition in the debit card network services market, thus raising fees for merchants. The two companies revealed their agreement in a court filing Friday (June 14), flagged in a report by Reuters. Pulse said the case was dismissed […]
June 08, 2023
Proposed lawsuits against Mastercard and Visa in the United Kingdom have been halted. The country’s Competition Appeal Tribunal ruled Thursday (June 8) that the four lawsuits proposed by Commercial and Interregional Card Claims...
August 12, 2022
A new 3% purchase-price charge from Mastercard when customers use a new installment-payment plan has angered some retailers, a Bloomberg report said, which notes that retailers will be enrolled in...
September 26, 2019
Square is defending its decision to boost costs for smaller transactions. The company announced on Tuesday (Sept. 24) that it will now charge 2.6 percent plus a 10-cent fee. For...
