Visa and Mastercard have proposed a new settlement of a long-running legal battle over credit card “swipe fees” that could upend how you pay (and earn rewards) at checkout — or not. Previous attempts ...
In the past decade, the digital revolution has been driving businesses to change the way they accept payments. The number of American credit card users is growing—and merchants are paying for it. Last ...
Card-acceptance costs and network rules weren’t the only subjects covered by the sweeping settlement revealed Tuesday involving Visa Inc., Mastercard Inc. and lawyers for the merchants that sued them.
Visa/Mastercard may cut swipe fees a hair (about 0.1%), which helps stores but won’t show up as obvious price drops for shoppers Stores could get more power to favor cheaper cards and even say “no” to ...
Visa Inc., MasterCard Inc., and their Canadian credit card issuers dodged a legal bullet Tuesday when Canada’s Competition Tribunal refused to quash network rules designed to protect cards from being ...
The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...
If approved by a court, a proposed settlement from Visa and Mastercard would, among other things, allow merchants to decline specific kinds of cards at checkout. Many or all of the products on this ...