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News tagged with “interchange fee”. Found: 500 tagged news reports.
 

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Brussels :: Belgium | 15 days ago

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120 Comments: 0 The fees that banks charge retailers for processing shoppers' payments would be capped under new rules voted by European Parliament on Thursday. Measures to make online payments safer, reduce costs and give users more choice were

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Melbourne :: Australia | 19 days ago

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Tyro Payments believes small and medium sized enterprises (SMEs) are paying $400 million more in fees than big business on debit and credit card interchange fees. It says that on average SMEs are charged 53 cents per transaction on Visa and

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Singapore :: Singapore | 22 days ago

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ET Wal-Mart Stores Inc. has sued Visa Inc. for more than $5 billion, claiming the card network charged unreasonably high fees when the retailer's customers paid with plastic. Retailers are charged fees set by Visa and other card networks every time a

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Denver :: CO :: USA | 22 days ago

Credibility Credibility of 5

That conclusion drawn from the first two months of a city experiment that has waived convenience fees for most plastic payments might seem obvious. City officials thought so, but even they were surprised by how much the pesky fees apparently had been

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London :: United Kingdom | 1 month ago

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Your draft report initially took a harder line on the European Commission proposal...With this report, we sent a clear message to citizens that this regulation is going to increase the transparency of credit and debit card payment. Thanks to this, I

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Sydney :: Australia | 1 month ago

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Australia and New Zealand Banking Group will appeal the Federal Court's controversial ruling last month that it charged "extravagant, exorbitant and unconscionable" late-payment fees on credit cards, challenging a decision that threatens to cost

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Fort Wayne :: IN :: USA | 1 month ago

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Visa and MasterCard are introducing Internet technologies to make it easier for shoppers to buy things at retail stores without pulling out a credit card. The two technologies, announced separately in late February, will give merchants and banks more

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Brussels :: Belgium | 1 month ago

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At the moment, the inter-bank fee is 0.9% over each purchase paid by credit card. This is being reduced to 0.7% in June and will go down again to 0.3% in January 2016, the consumer authority said in a statement. However, David Dechamps of Mastercard

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Alexandria :: VA :: USA | 1 month ago

Credibility Credibility of 5

handily beat the S&P 500 in fiscal 2013 with solid share gains. Visa was up 36%, MasterCard gained a massive 61%, Discover Financial Services climbed 37%, and American Express shot up 46%. In comparison, the S&P 500 was up 30%, its best year since

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London :: CA :: USA | 2 months ago

Credibility Credibility of 5

Total global payment-card fraud losses were $11.3 billion in 2012, up nearly 15% from the prior year. The United States--the only country in which counterfeit-card fraud is consistently growing--accounted for 47% of that amount, according to the

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