The inverse is true as well: A significant cut in interchange revenue would reduce access to credit. Proponents of the Credit Card Competition Act claim it would cut fees by $16 billion ...

American Express on Thursday said it agreed to pay $230 million over claims ... cards, according to a DOJ press release. To secure the sales, employees would misrepresent card rewards and fees ...

To be able to accept card payments, businesses need to pay multi-lateral interchange ... This fee is then charged back to businesses through the merchant service charge. According to the claim ...

The study, conducted by Oxford Economics Research, claims the ... merchants, payment experts say. Swipe fees comprise three separate charges: interchange, of course, but also network and processor ...

In shocking turn of events, the funder in the Mastercard litigation is seeking to sue its own class rep on the class action it funded over a £200m settlement ...

The Justice Department said the company misrepresented its credit card rewards and fees and made false claims ... Department settlement includes a $108.7 million civil payment related to those ...

The litigation funder in the mammoth class action against Mastercard is set to sue its own class rep after he settled a £10bn case for just £200m ...

The Class Representatives claim damages from Mastercard and Visa on behalf of card-accepting merchants including charities.

American Express said on Thursday it will pay about ... up for credit cards, according to a DOJ press release. To secure the sales, employees would misrepresent card rewards and fees and check ...

Dojo Go’s big selling point is its speed: the company claims its device can take card payments ... working-day settlement and, in addition to the standard Mastercard and Visa, accepts Amex and Diners ...

Mastercard topped December’s op risk losses when it agreed to pay £200 million ($253.3 million) to settle a UK class action lawsuit claiming it charged consumers excessive swipe fees. The card ...