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How Would the Credit Card Competition Act Impact Visa and Mastercard? - Vimarsana News

How Would the Credit Card Competition Act Impact Visa and Mastercard?

Congress recently proposed a bill that could cost Visa and Mastercard billions. Here's what you should know.

Source: fool.com
Credit card processing fees in focus as new bill aims to lower them - Vimarsana News

Credit card processing fees in focus as new bill aims to lower them

Retailers and payments processors go to war over whether a bill aiming to curb how much retailers pay to process credit cards would help consumers.

The Credit Card Competition Act pours salt on a wounded economy - Vimarsana News

The Credit Card Competition Act pours salt on a wounded economy

It was the Senate bill heard round the credit union movement. On Thursday, July 28, Sens. Roger Marshall (R-Kan.) and Dick Durbin (D-Ill.) introduced

Interchange bill could cut fees for the largest credit card issuers - Vimarsana News

Interchange bill could cut fees for the largest credit card issuers

Visa and Mastercard credit card-issuing banks with more than $100 billion in assets would be required to give merchants a lower-cost choice for processing each transaction under a new bill proposed to spur competition.

Merchants Say It's Time for Fed to Resolve Debit Routing and Fees - Vimarsana News

Merchants Say It's Time for Fed to Resolve Debit Routing and Fees

The urgency to address swipe fees amid near-record inflation is more pronounced than ever.