I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...

Visa and Mastercard are about to reach a settlement with merchants to reduce interchange fees and allow stores to refuse certain credit cards, in a move to end a 20 year old legal dispute, according ...

Legislation to restrict assessment of credit card interchange fees has been proposed in multiple states this year, but is unlikely to pass in any. Progressive Democrats like Senator Bernie Sanders ...

Commissioners and credit card industry representatives have stressed the importance of the Single Euro Payment Area (SEPA) becoming a reality from 2008 but maintained different assessments over the ...

If the Illinois Interchange Fee Prohibition Act survives the legal challenges it faces, the law would “create significant market distortions,” says a recent report from the International Center for ...

As Congress and the White House examine consumer protection rules for the banking industry, merchants hope they'll also look into another aspect of the card game -- the increasing fees retailers are ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

The American Bankers Association on Thursday issued a long and detailed letter it has sent to the Federal Reserve Board to argue its case against a Fed proposal that would reduce a longstanding cap on ...

Recently, NPCI has introduced credit card-related changes, which might mean an uptick in the charges on transacting through Rupay credit cards. This is because all variants of Rupay credit cards, ...