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What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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What Is a Credit Card Surcharge?

Stax

Before 2013 though, credit card brands like Visa and Mastercard didn’t allow surcharging because they didn’t want to discourage customers from using credit cards as a preferred mode of payment. However, after a 2013 lawsuit, card companies started allowing businesses to charge customers a fee for using credit cards. in most US states.

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Unpacking the surge in current account switching: What’s driving consumers to change banks?

The Payments Association

Since its 2013 launch, CASS has simplified switching by allowing customers to move accounts within seven working days, ensuring smooth transfers of direct debits and payments. According to Optima, when CASS launched in 2013, 63% of consumers in the UK held just one personal current account, 28% held two, and 7% held three or more.

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LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. “We The Response.

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The Reverse Aging Of Retail

PYMNTS

As Marketplace points out, Hot Topic has undergone a gradual rebranding, in which it moved away from its emo and goth origins and towards a more inclusive, all-things-pop-culture sort of general offering. As to whether the 12- to 22-year-old demographic remains the retail chain’s target consumer group today is somewhat murky.

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Credit Card Surcharges: What Are They and Are They Legal?

Stax

For example, a cash discount should always be a reduction in the original price for cash payments. It should, by no means, be an increase in the original price for card payments. district court in 2013 were credit card surcharges made legal in 40 states. Only after the judgment by a U.S. State law variations in the U.S.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

In 2013, Microsoft CEO Steve Ballmer saw an opportunity in Nokia, a Finnish phone company that was losing ground to competitors. Date: May 20, 2013. The company shut down Nextel’s networks in 2013. In 2013, Cisco decided to cut its losses in the consumer products division and sell Linksys off to Belkin.