States across the country have waded into interchange fee regulation in recent years. These are the charges that banks and card networks collect from merchants on every card transaction. Illinois ...

Merchants are right to dispute what they pay for card transactions. Technology has an answer—if the networks will listen. Interchange is the foundation of branded-payments theory: Remove friction at ...

Merchants’ disdain for interchange is well documented, but one aspect of card-acceptance costs that gets drowned out by the outcry over interchange is that rising processing fees are hitting merchants ...

Robert Day is the MP at weAudit.com and the author of The Great American Heist: How Credit Card Processors Steal Businesses' Profits. Some credit card processors employ a deceptive tactic known as ...

The Federal Reserve Wednesday revised its Regulation II rule governing debit card interchange fees to lower the maximum amount banks could charge vendors for debit transactions. The Federal Reserve ...

(RTTNews) - Visa (V) has agreed to a settlement with U.S. merchants lowering credit interchange rates and capping those rates into 2030. The company said the settlement gives merchants greater ...

I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...

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 ...

Illinois has become the first state to adopt legislation banning interchange fees on the tax amount and gratuity (tip) amount of a credit or debit payment transaction. The Illinois Interchange Fee ...

In the fast-paced landscape of today’s industries, particularly within the technology sector, efficiency and streamlining operations are imperative. Every aspect of operations, including financial ...

If a rushed provision contained within the Illinois General Assembly’s revenue bill actually comes to implementation, Illinoisans might find themselves paying at the pump with their credit card and ...

The Illinois law banning interchange fees on taxes and gratuities will be burdensome to implement and could portend a patchwork of state-level copycat laws that would balkanize the payments system, ...