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credit card swipe fees

Swipe fee costs average household more than $1,100

Swipe fee costs average household more than $1,100

WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. household more than $1,100 last year, the Merchants Payments Coalition said. “American families should not get bilked for more than $1,100 each year on swipe fees,” MPC Executive Committee member and National Retail Federation Senior Director of Government Relations Dylan Jeon said.

NRF again asks Congress to address ‘swipe’ fees

NRF again asks Congress to address ‘swipe’ fees

WASHINGTON – The National Retail Federation today called on Congress to address credit card “swipe” fees by passing legislation allowing retailers to route transactions over competing networks offering lower fees and improved security.   “It’s time for big banks and global card networks to compete the same as small businesses do every day,” Stephanie Martz,

Court rejects Visa, MasterCard settlement

Court rejects Visa, MasterCard settlement

NEW YORK — An appeals court ruling has struck down the 2012 settlement of a class-action lawsuit over credit card swipe fees imposed by Visa and MasterCard. The settlement had been opposed by a significant portion of the retail industry. The case originated in a 2005 lawsuit filed by 19 retailers and trade associations against