The National Retail Federation this week asked the Federal Reserve to lower the five-year-old cap on debit-card swipe fees, saying it was higher than Congress intended. “In most cases, 24 cents per ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

The Merchants Payments Coalition claims that the average family in the U.S. pays $1,200 per year to cover the costs of swipe ...

Total fees increased by more than $15 billion from the previous year. Last December, Rovertown partnered with Weigel's and St. Romain Oil Co., operator of Y-Not Stop c-stores, to integrate swipe fee ...

— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing ...

Suppressing alternative card networks, which connect a cardholder's bank to the merchant's bank when a purchase is made, has reduced competition in the market and "slowed innovation in the debit ...

New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit ...