Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household budgets, according to industry experts. When a credit or debit card is used ...
Last year, Visa and Mastercard agreed to cap swipe fees for five years, and pay back $30 billion to merchants who said they’d been overcharged on credit card transactions. But in June a federal ...
The exorbitant cost of credit card swipe fees is one such issue plaguing Kentucky's merchants and consumers alike and passing the Credit Card Competition Act (CCCA) would help alleviate this ...
Black American communities — historically denied access to wealth-building tools due to practices like redlining and restrictive banking — now face a new predatory financial hurdle: credit card swipe ...
The risk of credit card fraud doesn’t end when or where you swipe your card. Any business that stores your credit card number could experience a data breach in which a hacker attains access to ...
Credit card offers and rewards seem very tempting for many card users. These offers attract many people to opt for credit cards as a mode of payment. However, using a credit card is not limited to ...
Even as inflation cools, small businesses across the country are feeling the heat from credit card swipe fees as more consumers pay with plastic. “Swipe fees” is the catchall term for businesses’ ...
Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.
Companies like Visa and Mastercard use swipe fees to prop up credit card loyalty programs. Jenny Kane/AP Share According to a new analysis, Illinois faces the nation’s fifth-highest credit card ...