The Office of the Comptroller of the Currency issued an interim final rule Friday to clarify banks' leeway to charge ...
Large merchants argued in a Monday court hearing that card surcharges and discounts would pose significant burdens on their ...
A coalition of banks, credit unions, and card companies argue that Illinois lawmakers must repeal the state's first-in-the-nation Interchange Fee Prohibition Act, slated to take effect July 1.
The Office of the Comptroller of the Currency is ramping up its efforts to stop the Illinois Interchange Fee Prohibition Act ...
Credit card processing costs typically range from 1.5% to 3.5%, but processor markups can inflate costs. Using interchange-plus pricing can give you more insight than a flat-rate plan. Compare quotes, ...
Credit card processing fees typically range from 1% to 3.5% per transaction, split between the issuing bank, card network, and payment processor Interchange fees make up the largest share of ...
Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...
After labor, card processing fees are many merchants’ highest operating cost. U.S. merchants paid $111.2 billion in processing fees in 2024, and a portion of that bill was inflated by the wrong ...
According to a ruling issued April 24 by the Office of the Comptroller of the Currency, the Illinois law cannot be enforced ...
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