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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 ...
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 ...
Pre approved visa can be obtained on arrival. International Certificate of Vaccination or Prophylaxis required. [ 187] Visas for US citizens are either single entry or multiple entry and valid for 5 years. The fee for single entry 3 month validity is 60 dollars and the fee for the multiple entry visa is 100 dollars.
In April 2007 Visa announced it would raise its rate .6% to 1.77%. [17] [18] According to a January 2007 poll by Harris interactive, only about a third of the public had heard of interchange fees; once explained to them, 90% said that the United States Congress "should compel credit card companies to better inform consumers" about the fee. [19]
This is a list of Internet exchange points by size, measured by peak data rate ( throughput ), with additional data on location, establishment and average throughput. Generally only exchanges with more than ten gigabits per second peak throughput have been taken into consideration. The numbers in the list represent switched traffic only (no ...
In 2002, the European Commission exempted Visa's multilateral interchange fees from Article 81 of the EC Treaty that prohibits anti-competitive arrangements. [94] However, this exemption expired on December 31, 2007. In the United Kingdom, Mastercard has reduced its interchange fees while it is under investigation by the Office of Fair Trading.
To qualify for the Visa Waiver Program, a country must have had a visa refusal rate of less than 3% for the previous year. [38] This refusal rate is based on applications for B visas, for tourism and business purposes. B visas are adjudicated based on applicant interviews, which generally last between 60 and 90 seconds.
Year Changes 2023 Angola has announced a list of 98 countries, including India, whose citizens can travel visa-free for 30 days (w.e.f 29 September 2023).. Thailand has announced a 6-month visa-free travel period for Indian citizens from 10 November 2023 to 10 May 2024, extending further to 11 Nov 2024.