interchange fees

Technology/Services

Visa, Mastercard Swipe-Fee Settlement Claim Process Moves Forward

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

Technology/Services

Federal Reserve Seeks Input in Latest Swipe-Fee Proposal

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

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

Changes could result in retailers paying an additional $502 million annually in fees, report says

Credit Card Competition Act of 2023 has bipartisan support

Merchant fees imposed by Visa, Mastercard at issue in case

Merchants Payments Coalition urges ‘additional enforcement actions’

Retailers across channels urge Congress to support the Credit Card Competition Act

House and Senate put forward complementary bills

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