New credit card bill targeting Visa-Master card 'duopoly ... this means the average family had to shell out an additional $1,024 on items due to higher credit and debit card swipe fees even ...

Visa and Mastercard did not immediately respond to Reuters’ requests for comment. An interchange fee is the charge a merchant pays to the card-issuing bank every time a consumer swipes their card.

Visa and Mastercard are facing another multi-billion pound UK class action lawsuit for allegedly unlawful interchange fees.

Global payments processors Visa and Mastercard are planning to increase fees that many merchants pay when they accept customers' credit cards, the Wall Street Journal reported on Wednesday.

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This year, it reintroduced legislation called the Credit Card Competition Act, which aims to break up the credit card duopoly between Visa (V 0.91%) and Mastercard (MA 0.47%), and mandate that all ...

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This settlement, which is tied to claims in the class-action lawsuit, is subject to approval by the U.S. District Court for the Eastern District of New York.Plaintiffs represent "all merchants who ...

But it also urged the Justice Department and lawmakers to rein in the company more broadly, including in credit cards. "The DOJ is taking action on Visa's debit card practices, but that is just ...

If everything looks legit, it approves the transaction, takes the money out of your bank (or applies the charge to your credit card) and pays the merchant. Visa, Mastercard and Square are all ...

Visa aims to bridge gaps between in-person and digital payments with a range of new consumer card enhancements available to issuers in various global markets. Visa today announced new digital ...

There are several types of charges you may need to pay on a Visa credit card – but these are not confined to Visa. Unless you have a 0% interest purchase deal, you’ll need to pay interest on ...