interchange fees

Technology/Services

Judge’s Statement Supports Merchants in Swipe Fee Case

Dismisses card companies’ argument that the merchants lacked standing as direct purchasers of card services

Technology/Services

Illinois Swipe Fees Will No Longer Apply to Taxes, Tips

Interchange Fee Prohibition Act marks a notable victory for retailers seeking relief from swipe fees, NACS says

Pricing changes come days after card issuers agree to $30 billion settlement over swipe fees

The offer from MasterCard and Visa doesn’t look so good for convenience stores when experts dive into the details

Convenience-store, other retail groups say deal is bad for merchants

Interchange fees, on average, biggest expense for convenience stores, aside from labor, Merchants Payments Coalition says

Retailers have until May 12 to submit appeals to reduce transaction cost

18 million businesses, including c-stores and grocers, to receive notices starting Dec. 1

Board proposes 17.7-cent cap to be reviewed every 2 years

Movement comes after Visa, Mastercard plan to raise network, interchange fees

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