Robert Day is the MP at weAudit.com and the author of The Great American Heist: How Credit Card Processors Steal Businesses' Profits. Some credit card processors employ a deceptive tactic known as ...
2dOpinion
Steve Swedberg: Springfield’s interchange fee ban takes a costly swipe at Illinois consumers
Illinois consumers may see fewer rewards and benefits, higher banking fees and tighter credit access if the interchange fee ...
"Credit cards may not work for sales tax or tips starting July 1." By now, you've heard that claim, but whether it's true depends on who you ask. The ads — funded by the Electronic Payments Coalition ...
On August 15, 2024, the Illinois Bankers Association, American Bankers Association, America’s Credit Unions, and Illinois Credit Union League filed a complaint for declaratory and injunctive relief ...
CHICAGO - Rising credit card interchange fees are among the top concerns of food retailers, according to supermarket executives interviewed at the Food Marketing Institute show here last week. "The ...
The Office of the Comptroller of the Currency issued an interim final rule Friday to clarify banks' leeway to charge ...
After labor, card processing fees are many merchants’ highest operating cost. U.S. merchants paid $111.2 billion in processing fees in 2024, and a portion of that bill was inflated by the wrong ...
The payment service provider charges a monthly subscription fee, plus a small markup on top of interchange, and doesn’t require businesses to sign long-term contracts. NerdWallet's content is ...
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