Sen. Durbin Looking to Address Credit Card Interchange Fees | Davis Wright Tremaine LLP
Card network giants, Visa and Mastercard, are getting scrutinized by the Senate Judiciary Committee over an increase in swipe fees.
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Card network giants, Visa and Mastercard, are getting scrutinized by the Senate Judiciary Committee over an increase in swipe fees.
Visa and MasterCard say they need to increase their interchange fees (often called swipe fees) due to increased costs from consumer rewards…
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Interchange fees are applied via a complex system in which the charges vary by merchant, transaction size, the type of card, and the banking institution, among other factors.