President Donald Trump has endorsed U.S. Sen. Dick Durbin's plan to lower swipe fees, which are 2-to-4% fees charged to consumers for using a credit card. “Americans are struggling with everyday ...
As part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants. But not everyone sees this as a satisfying end to a legal battle that stretched on ...
A Washington D.C. bill would prevent banks and credit card companies from collecting processing fees on sales tax and gratuities—charges that businesses don’t even keep. But not everyone is on board ...
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Why US retailers want new swipe fee legislation
US retail trade groups have intensified their push for swipe fee legislation as costs tied to credit card processing continue to climb. the centre of the debate is the bipartisan Credit Card ...
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Swipe past $5,000 and this is what really happens
Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...
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Marylanders are no strangers to the strain brought on by stubbornly high expenses. Our state’s cost of living remains 13% higher than the national average, so it’s clear we need action from Congress ...
LIVE FROM MIDTOWN HARRISBURG ON THE PROPOSAL. TOM. WELL, LAURIE, SOME OF THE VENDORS HERE AT THE BROAD STREET MARKET, FOR INSTANCE, SAY THEY JUST CAN’T AFFORD TO STOMACH THE 3% CHARGE THAT THEY MIGHT ...
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