The Federal Reserve Board (“FRB”) proposes to lower fees for debit card purchases. The FRB announced proposed rulemaking to reset its Durbin Amendment cap on interchange fees to 17.7 cents on an ...
TROY, Mich.--(BUSINESS WIRE)--Small business owners are optimistic about the future, with 88% indicating the financial state of their individual businesses is about the same or better off than a year ...
Editor: According to a recent AARP Bulletin: “Card networks forbid collecting a surcharge on debit card transactions, even if they are handled by a retailer just like a credit card… Merchants can pay ...
September 15, 2025 - US merchants are cautiously optimistic that a federal district court's decision in Corner Post, Inc. v. Bd. of Governors of Fed. Rsrv. Sys., No. 1:21-CV-00095, 2025 WL 2253474, (D ...
Justices Ketanji Brown Jackson, Sonia Sotomayor and Elena Kagan gave the dissenting votes on the swipe-fee decision. The Fed rule came out of the 2010 Dodd-Frank Act, which included a provision ...
Premium cards with higher rewards cost retailers more to process, and they soon may be able to pass that onto you.
The Federal Reserve Board’s proposal Wednesday to make a 31% reduction in the main component of its debit card interchange ceiling for large issuers touches on a longstanding sore point among ...
Merchant accounts are essential if you want to run a business that accepts debit and credit card payments. Not doing so can impede on your ability to attract customers and grow your business. Luckily, ...
The U.S. Department of Justice’s 71-page complaint accusing Visa Inc. of monopolizing U.S. debit networks goes into great detail about the company’s pricing strategies and attempts to get merchants ...
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