Our Financial Services Group summarizes the closely observed preliminary settlement agreement over the fees credit card companies and banks charge merchants. Interchange fee rates would be reduced and ...

One of the great American pastimes — using your credit card to accumulate points — could be about to change. On Tuesday, Visa and Mastercard settled with US retailers over a long-standing dispute tied ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

A decadeslong lawsuit between Visa Inc., Mastercard Inc. and a large cohort of merchants could finally be nearing its conclusion — with potential implications for shoppers if stores choose to limit ...

Discover what the merchant discount rate (MDR) is, why it's important for businesses, and how typical fees range. Learn how MDR affects transactions and pricing.

Merchant accounts are essential if you want to run a business that accepts debit and credit card payments. Not doing so can impede on your ability to attract customers and grow your business. Luckily, ...

Visa and Mastercard settled a dispute with US retailers over credit-card swipe fees. The settlement could ultimately affect credit-card reward programs. Banks aren't likely to abandon rewards programs ...