Retailers in Illinois Will Be Required to Accept Cash
Cash may be losing ground to digital payments, but Illinois is betting it still deserves a place at the checkout ...
Tag: Swipe Fees
Swipe fees are transaction charges paid by merchants to banks for processing card payments, impacting business costs and influencing pricing strategies across payments and banking industries.
Illinois Swipe Fee Law Delayed for at Least Another Year
In a victory for banks and credit card companies, Illinois’ law aimed at ending credit card swipe fees on sales ...
Merchants Face Uncertain Consequences in Lifting of Debit Card Swipe Fees
Even though a federal judge has vacated the Federal Reserve’s cap on debit card swipe fees, the issue remains far ...
India Weighs the Return of Debit Fees
Three years after eliminating them, India’s government is considering reinstating merchant charges on UPI (Unified Payment Interface) and RuPay debit ...
Banks, Credit Unions File Lawsuit to Stop Illinois Swipe Fee Law
Banking and credit union groups have filed a lawsuit against the state of Illinois, seeking to block the ban on ...
Supreme Court Opens the Door for Swipe Fee Revisions
The Supreme Court has ruled that a convenience store has the right to challenge a 2011 Federal Reserve ruling setting ...
Rejection of the Swipe Fee Settlement Sets up New Battles for Merchants
Now that a federal judge has officially rejected the $30 billion swipe-fee settlement between Mastercard, Visa, and retailers, the credit ...
Illinois Bill Eliminating Swipe Fees on Sales Taxes Inches Closer
An unusual situation is arising in Illinois, where the state legislature has passed a budget bill prohibiting swipe fees on ...
NRF Asks Fed to Drop Swipe Fees Even Lower
The Federal Reserve has proposed a plan to reduce the current cap on swipe fees for credit and debit cards ...
No Reason to Panic Over Mastercard’s Assessment Fees
The Merchants Payment Coalition (MPC) is publicizing documents indicating that Mastercard is increasing its assessment fee as of April 15. ...
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