by Lindsey Thompson | Oct 2, 2024 | Industry News
[vc_row][vc_column][vc_column_text] As part of its ongoing work to promote the passage of the Credit Card Competition Act (CCCA), the Institute for Local Self-Reliance (ILSR) is looking for independent retailers to share information on the impact swipe fees have had...
by Lindsey Thompson | Sep 25, 2024 | Industry News
The U.S. Department of Justice (DOJ) has filed an antitrust lawsuit against Visa, claiming the company is monopolizing debit card transactions and penalizing industry participants that want to use alternative debit networks. Annually, Americans—including many who...
by Lindsey Thompson | Apr 1, 2024 | Industry News
Visa and Mastercard have settled a nearly 20-year dispute with merchants over credit card fees, agreeing to cap interchange rates through 2030. According to AP, the agreement allows small businesses to have similar bargaining power to large companies in regard to...
by Jacob Musselman | Nov 7, 2023 | Industry News
The Federal Reserve released a proposal to lower the cap on debit card transaction fees, known as swipe fees. The National Retail Federation (NRF) responded to the proposal, saying it is a welcome move but leaves the fees higher than banks’ costs to process...
by Lindsey Thompson | Sep 30, 2023 | Operational Insights
AIMED AT ENHANCING COMPETITION and choice in the credit card network market, the Credit Card Competition Act (CCCA) was introduced in July 2023 into the U.S. House and Senate. The CCCA strives to reduce credit card interchange fees, also known as swipe fees, and...
