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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 ...
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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 ...
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FeeFighters is a payment processing platform and comparison shopping website for credit card processors. The site was launched in 2009 [1] and was acquired by Groupon in 2012. [2] FeeFighters has been featured in The New York Times, Entrepreneur (magazine), Inc. (magazine) and TechCrunch, with BusinessWeek profiling it as "One of America's Most ...
Bank lobbyists say cap on credit card late fees will do more harm than good. Trade groups and some industry experts representing credit card companies pushed back, saying the new regulation could ...
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