Justices Ketanji Brown Jackson, Sonia Sotomayor and Elena Kagan gave the dissenting votes on the swipe-fee decision. The Fed rule came out of the 2010 Dodd-Frank Act, which included a provision ...

The Merchants Payments Coalition claims that the average family in the U.S. pays $1,200 per year to cover the costs of swipe ...

A tug-of-war over $16 billion in debit-card interchange fees appears to have been won by merchants Wednesday. An effort in the U.S. Senate to delay the start of the new fees by a year — backed by ...

The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...

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 ...

The Federal Reserve on Friday issued a report detailing data on debit card transactions, including fees imposed on merchants by bank card issuers and card networks when consumers swipe the cards to ...

Premium cards with higher rewards cost retailers more to process, and they soon may be able to pass that onto you.

We all know how convenient it is to swipe our credit cards for everyday purchases. In fact, as of 2022, 82% of U.S. adults had a credit card, making it the most common consumer lending product. In ...

Members of Nacogdoches City Council are considering passing on credit and debit card processing fees for water bill and other ...