Tag Archives: Card fees

Wednesday, August 20, 2014

NRF petitions Supreme Court to hear swipe fee case

Card Swipe

The National Retail Federation (NRF) requested on Monday that the U.S. Supreme Court review a recent ruling by a lower court that left the Federal Reserve’s controversial cap on swipe fees in place. The NRF filed a petition—along with the … Read More…

Thursday, August 7, 2014

CFPB report finds most overdraft fees incurred on small transactions

cfpb

A recent report from the CFPB found that most debit card overdraft fees are incurred on transactions of less than $24, and a majority of overdraft fees are repaid within three days. According to the CFPB, if a consumer borrowers … Read More…

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…

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