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News
Visa, Mastercard reach revised swipe fee settlement, court filing shows
10+ mon, 4+ day ago (116+ words) NEW YORK (Reuters) -Visa and Mastercard have reached a revised settlement with merchants who accused the card networks of charging too much to accept their credit cards, according to a Monday court filing. The proposed settlement was disclosed in a…...
Fate of Illinois’ first-in-the-nation credit card ‘swipe fee’ ban awaits judge’s ruling
10+ mon, 3+ week ago (640+ words) CHICAGO — A law that would make Illinois the first jurisdiction in the world to ban financial institutions from charging “interchange fees” on the tax and tip portions of debit and credit card transactions finally got its day in court this…...