RILA says swipe fee settlement fails retailers
RILA said retailers remain burdened by “excessive and ever-increasing” swipe fees and contended that the settlement provides no meaningful relief for merchants.
Swipe Fees
NRF opposes swipe fee settlement
NRF stated the proposed agreement doesn't address retailers' concerns about limited competition in payments and fails to curb rising transaction costs.
Preliminary court ruling on Visa/Mastercard swipe fees is bad deal for retailers and consumers
U.S. District Judge Brian Cogan on Tuesday gave preliminary approval to the proposal
Delay of Illinois swipe fee law will cost consumers and businesses $500 million
Illinois developments occur as Colorado's legislation to ban swipe fees on sales tax awaits Gov. Jared Polis's signature. Similar bills have advanced in Pennsylvania and Delaware this spring.
Visa, Mastercard reach 'swipe' fee settlement with merchants
Agreement ends class-action lawsuit dating to 2005.
Swipe fees cost households $1,800 a year
Merchants paid a record $236.4 billion in card swipe fees last year. Retailers warn that these costs, now second only to labor, are increasing consumer prices.
