EBizCharge

MAY 5, 2025

As businesses navigate credit card processing fees, zero cost credit card processing has emerged as a valuable alternative. To understand if zero cost credit card processing is suitable for your business, its essential to know how these fees work and the available alternatives.

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Finextra

APRIL 16, 2025

A US judge has killed of a Consumer Financial Protection Bureau rule capping credit card late fees at $8.

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Caps Credit Cards CFPB Rules 75

Payments Dive

OCTOBER 3, 2023

Retailers may feel the pinch, especially those whose own store cards are facing rising delinquencies and a potential cap on late fees.

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Credit Cards Caps 158

Stax

DECEMBER 20, 2023

Interchange is the fee that credit card companies like Visa and Mastercard charge businesses to accept their cards. In this article, we will break down credit card interchange fees so you will know exactly how much you’re spending when running your business. How much does interchange cost?

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Credit Cards Debit Card Processors Non-Bank 167

Electronic Payments Coalition

FEBRUARY 7, 2024

Since Congress introduced price caps and routing mandates on debit cards in 2011, research from independent and government sources has illuminated their disproportionate negative impact on small businesses. Now, Senators Dick Durbin and Roger Marshall aim to extend similar mandates to credit cards. They shouldn’t.

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PYMNTS

NOVEMBER 12, 2020

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses. Selling the private-label credit card unit would be a business reversal for the financial services group. Others are operating in a less constrained way.”.

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Credit Cards Point-of-Sale (POS) Push-to-Card Debit Card 114

Electronic Payments Coalition

JANUARY 17, 2024

The independent Congressional Research Service (CRS) released the latest in a string of reports questioning the benefits and raising the unintended consequences of the Durbin-Marshall credit card bill.

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Credit Cards Federal Reserve Debit Card Caps 105

Fintech News

OCTOBER 16, 2024

DCS Card Centre has launched its first Visa credit card, the FLEX Card , designed for young professionals aged 21 to 35. According to DCS, it’s the first entry-level credit card in Singapore that lets users choose between rewards like miles, cash rebates, or investment credits.

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Credit Cards Caps Product Accounts 113

Payments Dive

MAY 1, 2024

Payments and credit card companies are scrambling to soften the blow of an impending $8 cap on credit card late fees.

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Payments Dive

MARCH 26, 2025

The agency’s new leadership believes it can settle a 2024 lawsuit banks and business groups filed over an $8 cap on credit card late fees.

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Settlement CFPB Caps Credit Cards 155

Payments Dive

MARCH 8, 2024

President Biden and Republican lawmakers sparred Thursday over credit card late fees, as some House members also challenged the Federal Reserve’s proposed cap on debit card fees.

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Federal Reserve Debit Card Caps Credit Cards 158

Payments Source

MAY 9, 2019

Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates. Democratic presidential candidate Bernie Sanders and Rep.

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Credit Cards Caps Compliance Regulations 76

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

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Credit Cards Laws Legal Caps 88

Stax

JANUARY 24, 2024

Credit cards remain a favored way of making payments among customers. Purchase volumes through credit cards jumped 51% between 2015 and 2021. However, the idea of applying a credit card surcharge to offset the processing cost of credit cards has always been a hotly debated topic.

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Credit Cards Laws Legal Caps 88

Stax

SEPTEMBER 26, 2024

Credit card surcharges are increasingly becoming a fact of life. Industry data shows that 9 out of 10 credit card users say they don’t want to pay surcharges but do it anyway. That said, you can’t just decide and impose credit card surcharges overnight. Learn More What is a Credit Card Surcharge?

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Credit Cards Caps Best Practices Laws 88

PYMNTS

SEPTEMBER 26, 2016

The high fees charged by private firms that are hired by the courts to operate e-filing systems and that are often passed onto consumers who pay with a credit card have been capped by a bill approved by California Governor Jerry Brown on Sept. percent on all credit payments, and the unchecked fees provide considerable profit.

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Credit Cards Caps Debit Card Funds Transfer 59

The Nilson Report

FEBRUARY 7, 2025

Senators Introduce Bill to Cap Credit Card Interest Rates at 10% appeared first on Nilson Report. The post U.S.

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Caps Credit Cards Posting 52

Payments Dive

JULY 17, 2023

The state’s legislature passed a bill recently to cap credit card surcharges. One experienced payments executive believes that’s the wave of the future.

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Credit Cards Caps Payments 78

Stax

MAY 6, 2025

Volume caps, poor integrations, manual reconciliation, and clunky mobile checkout are all signs your current system wont scale with you. Why scalability matters in payment solutions Scales with your payment volume without a hitch As your sales and customer base grow, your credit card processing capacity needs to keep up.

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Payment Solutions Payment APIs and Integration Volume Payments 88

Stax

DECEMBER 13, 2023

Did you know that in 2021, merchants ended up paying a whopping $105 billion in credit card processing fees? Even though they’re one of the most popular payment options today, accepting credit cards at your business can turn out to be a significant expense. Visa, Mastercard, American Express, Discover, etc.)

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Credit Cards Debit Card Laws Rules 88

PYMNTS

JANUARY 9, 2019

In the wake of court filings this week that effectively ended a challenge to surcharges on credit card transactions in New York, merchants in the Empire State can indeed embrace those fees, contingent upon stating those costs to consumers up front. The merchant plaintiffs and the state of New York filed motions on Jan.

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Credit Cards Rules Caps Laws 80

Stax

FEBRUARY 28, 2024

Passing credit card fees onto customers has been hotly debated , but most of the country has agreed: Credit card surcharge should be available to merchants. TL;DR Surcharging allows merchants to pass on credit card fees. What is Credit Card Surcharging?

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Credit Cards Debit Card Legal Laws 88

The Nilson Report

APRIL 18, 2025

The post Texas Judge Throws Out Rule That Would Have Capped Credit Card Late Fees appeared first on Nilson Report.

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Caps Credit Cards Rules Posting 52

Finextra

MARCH 26, 2024

After nearly 20 years of litigation, Visa and Mastercard have reached a settlement with US merchants lowering and capping credit card interchange rates in a deal that could save the merchants $30 billion over five years.

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Settlement Visa Caps Credit Cards 128

Electronic Payments Coalition

MARCH 4, 2024

The Congressional Research Service (CRS) released a report scrutinizing the benefits of the Durbin-Marshall Credit Card Bill, revealing uncertainties similar to those raised by the Richmond Federal Reserve: that routing mandate legislation has not and will not yield significant savings for consumers.

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Credit Cards Federal Reserve Caps Research 69

PYMNTS

AUGUST 3, 2020

And by plastic, we mean credit cards. The ripple effects may be negative ones for card giants. As CreditCards.com estimated , a bit more than one-third of nearly 500 SMB owners in the United States have been tapping their personal financial lifelines, such as credit cards, to keep businesses operational.

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Credit Cards Caps On-Demand Finance 79

Payments Source

APRIL 24, 2016

It didn't take long for debit card issuers affected by the Durbin amendment fee caps to cut back or eliminate rewards programs to recoup costs. Issuers now engaged in the increasingly competitive credit card rewards and loyalty environment may soon have to face that same decision.

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Payments Source

MARCH 14, 2017

A new cap on credit-card transaction fees that comes into force on July 1 means there’ll be less revenue available to fund lavish award programs.

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Credit Cards Caps Transactions Compliance 60

PYMNTS

DECEMBER 22, 2020

Rome has gone a step further and is offering a 1,500 euro prize for the first 100,000 people who make the largest number of card purchases within the first six months of 2021, Reuters added. At the same time, commercial credit cards’ cash advances dropped 14 percent last year.

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Credit Cards Payments Government Governance 75

Finextra

MARCH 5, 2024

The Consumer Financial Protection Bureau (CFPB) finalized a rule today to cut excessive credit card late fees by closing a loophole exploited by large card issuers.

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Consumer Financial Protection Bureau (CFPB) Credit Cards CFPB Caps 45

Electronic Payments Coalition

FEBRUARY 28, 2024

WASHINGTON, DC — It’s been nearly 15 years since the Durbin Amendment imposed price caps and routing mandates on debit cards, financially burdening small businesses, while corporate mega-stores, like Walmart and Target, have accumulated substantial revenue gains.

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Credit Cards Card Issuer Debit Card Small Business 105

Clearly Payments

MARCH 31, 2025

Factors Influencing Payment Method Adoption The shift towards digital payment methods has heightened the financial burden on small businesses due to credit card processing fees. Some states have pushed for regulatory action to cap these fees or introduce surcharge transparency requirements. In the U.S., In the U.S., and Canada.

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Small Business Electronic Funds Transfer (EFT) Credit Cards Payments 59

Bank Automation

FEBRUARY 23, 2024

Capital One could be excluded from the proposed Credit Card Competition Act of 2023 if its acquisition of Discover Financial Services goes through and the bank creates an in-house processor. Richard Durbin, D-Ill, would require credit card […]

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Caps Laws Process Credit Cards 78

The Fintech Times

DECEMBER 15, 2024

To ensure this doesn’t continue, it has proposed a consultation to price cap remedy to protect firms. per cent for debit cards and 0.3 per cent for credit cards over the course of 2021 and 2022. The PSR is consulting on whether to introduce a short-term, interim cap on fees and if so, at what level.

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Electronic Payments Coalition

FEBRUARY 6, 2024

When Congress enforced price caps and routing mandates on debit cards almost 15 years ago, it was touted as a measure to save consumers billions through lower prices. Additional research shows that expanding the Durbin amendment to credit cards would deliver the same disappointment for consumers as the original.

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Credit Cards Consumer Debit Card Caps 59

Stax

APRIL 4, 2024

Credit cards are incredibly popular, and it’s easy to see why: they’re convenient and accepted nearly everywhere. But as great as they are for consumers, merchants know that accepting credit card payments comes with added costs in the form of processing fees. Credit card surcharging is legal in most U.S.

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Credit Cards Legal Laws Rules 68

PYMNTS

JULY 29, 2019

Capital One announced that a hacker had accessed about 100 million credit card applications, as well as thousands of Social Security and bank account numbers. Capital One stressed that credit card account numbers and log-in credentials were not compromised, while more than 99 percent of Social Security numbers were not impacted.

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