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News tagged with “swipe fees”. Found: 82 tagged news reports.
 

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St Louis :: MO :: USA | 23 days ago

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In the lawsuit, filed Tuesday with the US District Court for the Western District of Arkansas, Wal-Mart accused the country's largest card payments company of deliberately setting unreasonably high swipe fees also known as interchange fees at the

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Norfolk :: VA :: USA | 29 days ago

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A federal appeals court has handed a defeat to a coalition of retail groups that challenged as too high the Federal Reserve's cap on how much banks can charge businesses for handling debit card transactions...Appeals Court for the District of

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Washington :: DC :: USA | 3 months ago

Credibility Credibility of 5

The Federal Reserve, caught in a multibillion-dollar fight between banks and retailers over debit-card transaction costs, drew support from a federal appeals panel for its decision to cap swipe fees at 21 cents, a ceiling that could cost financial

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Columbia :: SC :: USA | 3 months ago

Credibility Credibility of 5

U.S. appeals judges appeared on Friday to side with the Federal Reserve over a group of retailers who are disputing the level of fees set by the Fed on the use of debit cards. Businesses pay "swipe fees" to banks when customers use debit cards to

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Little Falls :: NJ :: USA | 3 months ago

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Federation supports merchants who refuse to levy customer surcharges The 8-year-long fight between retailers and MasterCard and Visa over credit card swipe fees is expected to last another year or longer, with the nation's largest retail group

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Irvine :: CA :: USA | 4 months ago

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The National Retail Federation (NRF) formally filed an appeal with the Second U.S. Circuit Court of Appeals in the hopes to overturn a $5.7 billion settlement with Visa and MasterCard that was approved by a lower court in December, according to a

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Denver :: CO :: USA | 7 months ago

Credibility Credibility of 5

Those savings in turn were enough to support 2,437 jobs last year, according to an analysis by Robert Shapiro of Sonecon, an advisory firm that studies the economic implications of public policy. Nationally, the lower swipe or interchange fees saved

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New York City :: NY :: USA | 9 months ago

Credibility Credibility of 5

Could debit cards, once a cash cow for banks, be put out to pasture? A federal court ruling on Wednesday paves the way for a further reduction in the interchange fees (also known as swipe fees) that banks levy on merchants for debit cards. It is a

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New York City :: NY :: USA | 9 months ago

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The Federal Reserve did not have the authority to set up a cap on debit-card fees, said a ruling by the U.S. district court judge in Washington, D.C. on Wednesday, according to a report by Bloomberg . The ruling said the Fed did not adhere to the

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Denver :: CO :: USA | 9 months ago

Credibility Credibility of 5

Banks and payment networks are pressing state lawmakers to bar retailers from charging customers more to pay with credit cards than with debit cards or cash. The laws' supporters say they are trying to protect consumers from unfair costs when they

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