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2. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

3. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

4. How credit card companies make money - AOL

   www.aol.com/finance/credit-card-companies-money...

   With average credit card interest rates now over 20 ... including the card type and even merchant type, ... But there are numerous other fees credit card companies may charge that help them make ...

5. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   The Durbin amendment, implemented by Regulation II, [ 1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing. It was passed as part of the Dodd–Frank financial reform legislation in 2010, as a last-minute addition by Dick Durbin, a ...

6. Lower Mastercard and Visa Swipe Fees Are Coming - AOL

   www.aol.com/finance/lower-mastercard-visa-swipe...

   Currently, swipe fees average about 2% per transaction and are only lowered by “at least 0.04 percentage points.”. This means on a $100 sale, the $2 fee will be reduced to a maximum of $1.96 ...

7. Credit card companies adjust merchant fees. Consumers ... - AOL

   www.aol.com/news/credit-card-companies-adjust...

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8. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   A typical credit card terminal popular in 2005, now typically out of use and of a style/era usually non-compliant per PCI-DSS standards. A credit card terminal is a stand-alone piece of electronic equipment that allows a merchant to swipe or key-enter a credit card's information as well as additional information required to process a credit card transaction.

9. Credit card interest rates are ‘the highest they’ve ... - AOL

   www.aol.com/finance/credit-card-interest-rates...

   Average annual percentage rates (APR) offered by new credit cards have reached a record high. The average bank card borrowing rate in America in June rose to around 20%, revealing a steep increase ...