A political odd couple is joining forces to lower credit card interest rates. Sen. Bernie Sanders (I-Vt.) and Sen. Josh ...

The American people suffered through several years of high inflation brought on by the COVID-19 pandemic, which temporarily ...

A bipartisan coalition of legislators want to break up an alleged duopoly of Visa and Mastercard in the payment processing ...

By enabling two credit card networks on one card—the dual- network mandate—the bill would allow merchants to choose their ...

John Asbury, who is CEO of Atlantic Union Bankshares, said credit unions that compete head-to-head with for-profit banks should lose their tax-exempt status. He also called for bank regulation based ...

To be able to accept card payments, businesses need to pay multi-lateral interchange fees (MIFs) to the customer's commercial bank, and this has to be paid for each and every card transaction.

One of the levers the RBA can pull to reduce payment costs is stricter caps on “interchange fees”. These are set by Visa and Mastercard, and paid by the bank that provides the physical ...

They allege that businesses overpay interchange fees when customers pay them by commercial card - causing an estimated $4 billion in collective losses. In August 2024, the Competition Appeal ...

In the last four years both Congress and the Biden Administration tried to limit the interchange fees associated with credit cards in the name of protecting consumers. However, recent research ...

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An antitrust class action has accused a district court of overlooking its “seminal factual premise” as the thorny issue of interchange fees continues to grip the disputes sphere. A US class action ...