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2. 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 ...

3. 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 ...

4. 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 ...

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

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

   Visa and Mastercard say their merchant fees support businesses and consumers. Others say they only add to consumer inflation. ... 24/7 Help. For premium support please call: 800-290-4726 more ways ...

6. How credit card companies make money - AOL

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

   A complex set of variables, including the card type and even merchant type, determine these fees, though the Nilson Report estimates that they average around 2.2 percent. These fees are largely ...

7. 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 ...

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. Opinion: Your credit card interest rate probably has gone ...

   www.aol.com/opinion-credit-card-interest-rate...

   By comparison, in 2018, the average credit card interest rate was 14.22%. ... Sometimes there’s also a one-time transfer fee, which they’d typically add to your total balance. (Note that your ...