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Visa, Mastercard Settlement Only Temporary Fix Say Small Business Groups

Visa, Mastercard Settlement Only Temporary Fix Say Small Business Groups

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...
Reining in Fees: U.S. House and Senate to Vote on Credit Card Competition Act

Reining in Fees: U.S. House and Senate to Vote on Credit Card Competition Act

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...

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