Tag Archives: Card fees

Monday, June 30, 2014

Retailers oppose EU interchange rules not applicable to certain networks

125px-Flag_of_Europe.svg

A recent survey conducted by Ipsos MORI on behalf of MasterCard found that most European retailers think EU rules that cap interchange fees should move ahead only if the regulations apply to all retailers. The survey was conducted through interviews … Read More…

Friday, June 20, 2014

Electronic payments more popular, though cash still preferred payment

British Retail Consortium

A new survey released by the British Retail Consortium indicates the trend away from cash-based payments to electronic transactions is growing stronger in the U.K. According to the study, cash payments in the U.K. fell by three percent over the … Read More…

Tuesday, June 17, 2014

Retailers push court to overturn swipe fee settlement approval

Card Swipe

Retailers and their trade organizations urged an appeals court on Monday to overturn a judge’s approval of a settlement over Visa and MasterCard’s interchange—or swipe—fees, saying the settlement would not achieve its intended purpose. “The truth is that there is … Read More…

Tuesday, June 3, 2014

Retailers request additional time to file for review of interchange case

Card Swipe

Merchants requested last week an additional 30 days to file a petition for the Supreme Court to review the debit interchange lawsuit they lost earlier this year to the Federal Reserve. Interchange fees—more commonly referred to as swipe fees—are paid … Read More…

Friday, May 30, 2014

CEI’s Berlau: Retailers to blame for high card processing costs

John Berlau

Just before Memorial Day Weekend, the Merchants Payments Coalition (MPC) slammed banks and credit card companies for “outrageous” swipe fees, but John Berlau of the Competitive Enterprise Institute (CEI) recently said that retailers are responsible for high costs. In a … Read More…

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