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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

    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 ...

  5. How Small Businesses Can Save on Credit Card Processing Fees

    www.aol.com/news/small-businesses-save-credit...

    Each time a customer pays for a purchase with a credit or debit card, the seller must pay a credit card processing fee. Credit card processors, also known as merchant account providers, help ...

  6. How to make payments with your phone - AOL

    www.aol.com/finance/payments-phone-164336000.html

    First, add your credit and/or debit cards to Apple Pay. Open the Wallet app on your iPhone, tap the plus sign and follow the instructions to add a new card to Wallet. Once you’ve added the card ...

  7. Can a business charge for using a credit card? - AOL

    www.aol.com/finance/business-charge-using-credit...

    As a consumer, it can be frustrating to face extra fees for a business to cover the cost of processing credit card payments, especially if you were hoping to earn rewards by using a credit card ...

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