Tag Archives: Card fees

Following the implementation of new credit card processing rules in Europe, Ryanair was recently fined $520,000 by Italy’s competition watchdog for adding a two percent processing fee for certain credit card payments. The company was accused by Italy’s competition authority … Read More…

Australia and New Zealand Banking Group—known as ANZ—announced recently that it will increase the annual fees for nearly all of its major cards from between $5 and $25 per year. While the “classic” pricing for the cards will be eliminated … Read More…

As part of an effort to increase retailer acceptance of bank cards, the People’s Bank of China announced on Monday that it would cut bank card fees for merchants, resulting in $1 billion in retailer savings. “Based on the amount … Read More…

While only 10 states across the U.S. have implemented a ban on credit card surcharges, legislatures in 13 other states are currently considering legislation to prohibit retailers from charging “checkout fees.” California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, … Read More…

Retailers are now able to start charging a “checkout fee” of up to four percent to consumers who pay with plastic, and, as a result, Maryland consumers could see a slight increase in prices. Effective last month, retailers may charge … Read More…