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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...

    [7] [8] This amount could be decreased based on the number of plaintiffs who opt-out. [9] A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on 27 January 2013. Debit cards and transactions in the ten states that prohibit credit-card surcharges will not be ...

  4. Florida is 9th in the U.S. for most credit card debt. Here's ...

    www.aol.com/florida-9th-u-most-credit-100516286.html

    According to household debt statistics released in May by the Federal Reserve Bank of New York, Florida ranks 9th in the country for states with the most credit card debt, with an average of ...

  5. How credit card companies make money - AOL

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

    The annual fee you may pay, as well as the interchange fees you generate each time you use your card, all contribute to the credit card issuer’s revenue. There are costs for the privilege and ...

  6. Credit card swipe fees add to consumers' costs, but here's a ...

    www.aol.com/credit-card-swipe-fees-add-120327276...

    Credit Card Competition Act would fix a broken payments market. Swipe fees are ultimately paid by consumers, totaling $1.8 billion in Tennessee last year. Nationwide, they have more than doubled ...

  7. 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.

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