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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 ...
The CFPB said that, in 2022, late fees accounted for more than 10 percent of the $130 billion issuers charged customers on credit card interest payments and fees. As a result, the agency expects ...
Gravity Payments is a credit card processing and financial services company. It was founded in 2004 by Lucas and Dan Price. The company is headquartered in the Ballard neighborhood of Seattle, Washington and employs 240 people. [1] As of November 2021, Dan Price is the only shareholder and the only member of the board of directors. [2]
The Consumer Financial Protection Bureau finalized a rule limiting credit card late fees to $8. The move could save 45 million people an average $220 per year on late fees.
The Wirecard scandal ( German: Wirecard-Skandal) was a series of corrupt business practices and fraudulent financial reporting that led to the insolvency of Wirecard, a payment processor and financial services provider, headquartered in Munich, Germany. The company was part of the DAX index. They offered customers electronic payment transaction ...
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 ...
The eighth generation of iPad was announced on September 15, 2020, and released on September 18. It uses an Apple A12 Bionic chip, which has a 40 percent faster 6-core CPU and a 2-times faster 4-core GPU than its predecessor. The Apple A12 also included an embedded Neural Engine, and is capable of processing 5 trillion operations per second ...
Jack Teixeira, a member of the Massachusetts Air National Guard accused of leaking classified U.S. national security documents online, was arraigned on Friday on charges brought by the U.S. Air ...