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Stories Related to Merchants Can Now Charge Consumers For Using Their Credit Cards At Checkout - Up To 4%
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Mon, 01/28/2013 - 11:11am
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BING NEWS:
- Racking up credit card rewards points? You're paying for them with swipe fees, high interest.
Rewards programs encourage people to keep swiping their credit cards, but consumers and businesses pay the price. Illinois has set out to curb some swipe fees.
12/16/2024 - 12:01 am | View Link - Credit Card Companies Are Fighting To Keep Their Monopoly And High Fees
A handful of credit card companies are stifling competition and financially straining small businesses with high interchange fees while providing little explanation as to ...
12/11/2024 - 4:32 pm | View Link - Cut surcharges by divorcing debit and credit, Westpac tells RBA
Blended pricing structures charge retailers a flat fee no matter the card, and lead to debit card users subsidising benefits for credit card users.
12/11/2024 - 12:51 pm | View Link - Top JP Morgan exec Marianne Lake warns new credit and debit card fee rules will hurt consumers
Chase has been fighting the proposal in various forms for more than a decade, going back at least to a comment letter from Lake’s predecessor, Ryan McInerney (now the CEO of Visa), in which he called ...
12/11/2024 - 10:22 am | View Link - The Fed slashed interest rates, but some credit card APRs aren’t going down. Here’s why.
But when the Fed started slashing interest rates in September, with an initial cut of half a percentage point, the average credit card interest rate fell by just 0.13%. The Fed has since cut rates by ...
12/10/2024 - 12:31 pm | View Link - More
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