Debit/Credit Card Fees Articles

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Supreme Court to Hear American Express Antitrust Case

October 16, 2017

Supreme Court to Hear American Express Antitrust Case

The U.S. Supreme Court said Oct. 16 that it will hear an antitrust case examining American Express’s rules that bar merchants from encouraging customers to use one credit card over another, a practice known as "steering." The decision offers new hope to retailers who for years have argued that American Express’s merchant agreements violate antitrust laws and result in higher costs for consumers.

California Surcharge Ban Ruled Unconstitutional

April 11, 2015

California Surcharge Ban Ruled Unconstitutional

A federal judge ruled March 26 that a California law banning retailers from charging customers a surcharge on credit card purchases is unconstitutional because it is too vague and violates the First Amendment right of free speech, PYMNTS.com has reported.

Retailers Petition Supreme Court to Hear Swipe Fee Ruling

August 20, 2014

Retailers Petition Supreme Court to Hear Swipe Fee Ruling

The legal challenge over the transaction fees that retailers are forced to charge customers when they swipe a debit card moved one step closer to the Supreme Court Aug. 18, when retail and merchant groups petitioned the nation’s highest court to hear the case.

Fuel Up on NATSO Benefits: Discounted Payment Card Merchant Processing

March 1, 2014

Fuel Up on NATSO Benefits: Discounted Payment Card Merchant Processing

Did you know NATSO has partnered with First Data Merchant Services to offer NATSO members a cost effective, competitive solution for processing credit card transactions?

Swipe Fees to Remain in Place While Court Decides Federal Reserve’s Appeal

September 23, 2013

Swipe Fees to Remain in Place While Court Decides Federal Reserve’s Appeal

The U.S. District Court in Washington has agreed to maintain the current regulations governing swipe fees while the Federal Reserve appeals the recent ruling that it set the cap on debit transactions too high.

Federal Reserve Appeals Debit Fee Ruling

August 22, 2013

Federal Reserve Appeals Debit Fee Ruling

The Federal Reserve announced late Aug. 21 that it will appeal the recent ruling by the U.S. District Court in Washington that it set the cap on debit card transactions too high.

Could Retailers Get Repaid for Debit Fee Overcharges?

August 16, 2013

Could Retailers Get Repaid for Debit Fee Overcharges?

The judge who rejected the Federal Reserve’s regulations governing debit fees under the Dodd-Frank Wall Street Reform and Consumer Protection Act gave the Federal Reserve just one more week to come up with a position on interim fee reductions and a timeline for permanently installing new lower fees. He also suggested that retailers should be repaid by financial services companies for millions of dollars in overcharges.

Judge Agrees With Retailers; Rejects Debit Card Swipe Fee Rule

July 31, 2013

Judge Agrees With Retailers; Rejects Debit Card Swipe Fee Rule

A Judge for the U.S. District Court in Washington this morning rejected the Federal Reserve’s regulations governing swipe fees under the Dodd-Frank Wall Street Reform and Consumer Protection Act, ruling that the agency set the cap too high on debit-card transactions.

Durbin, Welch Ask Federal Reserve to Revisit Debit Fee Levels

July 29, 2013

Durbin, Welch Ask Federal Reserve to Revisit Debit Fee Levels

Senator Dick Durbin (D-Ill.) and Rep. Peter Welch (D-Vt.) have asked the Federal Reserve Board to revisit the fee levels set in the debit fee rules standard established after passage of the Dodd-Frank Wall Street Reform legislation.

You Have Questions. We Have Answers.

April 19, 2013

You Have Questions. We Have Answers.

One of NATSO’s primary roles is to deliver solutions to members’ challenges. Each day members tap into the expertise of NATSO’s staff for answers to some of their most pressing questions. Stop Watch compiled some recent member inquiries and sat down with Darren Schulte, NATSO’s vice president of membership, for detailed answers.

Merchants Criticize Federal Reserve Decision to Maintain Interchange Fee Standards

March 11, 2013

Merchants Criticize Federal Reserve Decision to Maintain Interchange Fee Standards

In issuing its bi-annual report on swipe fees as required by law, the Federal Reserve last week said it would keep the existing interchange fee standards and fraud prevention adjustments the same. The per-transaction cap remains at 21 cents and also allows for an additional charge of 0.01 cent to cover fraud as well as .05 percent of the sales amount.

Credit Card Settlement Appeal Delayed Until Fall

February 11, 2013

Credit Card Settlement Appeal Delayed Until Fall

The U.S. Court of Appeals has ruled that an appeal of the proposed swipe fee settlement should wait until after objections to the settlement are filed and heard next fall. That means that settlement notices to retailers across the country can continue to be distributed, and that retailers will have the opportunity to opt out of the monetary portion of the case and/or object to the proposed settlement. Notices will be sent to retailers who accepted Visa and/or MasterCard at any time between Jan. 1, 2004 and Nov. 27, 2012. Even if retailers submitted a declaration objecting to the proposed settlement last fall, they must respond to the notice and submit something in writing again if they want to opt-out of or object to the proposed settlement.

Judge Denies Request to Block Preliminary Approval of Swipe Fee Settlement

December 17, 2012

Judge Denies Request to Block Preliminary Approval of Swipe Fee Settlement

A federal appeals court panel has denied an appeal aimed at reversing preliminary approval of the $7.25 billion settlement of the antitrust case against Visa and Mastercard.

NATSO, Other Plaintiffs to Appeal Swipe Fee Settlement

November 19, 2012

NATSO, Other Plaintiffs to Appeal Swipe Fee Settlement

To force merchants into an 'agreement' with Visa and MasterCard that leaves them worse off than without it -- that just goes against all notions of fairness.

Swipe Fee Settlement is Granted Preliminary Approval

November 12, 2012

Swipe Fee Settlement is Granted Preliminary Approval

Despite unprecedented opposition from merchants, on Friday a federal judge gave preliminary approval of a $7.2 billion settlement of litigation against Visa, MasterCard and several large banks.

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