In a Truth Social post, President Trump backed a bill called the Credit Card Competition Act (sometimes called the ...

Revolut, Visa and Mastercard have lost a legal battle in the UK over a proposed regulatory cap on fees from international ...

In a case challenging the Federal Reserve's debit interchange fee rule, America's Credit Unions joined together with a group of financial trade organizations in support of the Federal Reserve in ...

On June 1, the Illinois General Assembly passed a bill that, if enacted, will delay the effective date of the Interchange Fee Prohibition Act by one year, from July 1, 2025, to July 1, 2026. The law ...

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 ...

Retailers are urging a U.S. District Court judge to reject another settlement that Visa and Mastercard have proposed in the longstanding lawsuit against them and their banking partners concerning ...

When a merchant accepts credit card payments, it pays an interchange fee charged by the credit card company to process each card transaction. Interchange fees can chip away at a merchant’s bottom line ...

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 ...

A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...

The Federal Reserve was only authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act to set a cap that covers issuers’ incremental costs, with lawmakers specifying that “other ...