Retail trade associations and two large retailers appeal to the Supreme Court to rule on the Federal Reserve's debit interchange rule.
Retail trade associations and firms call the Fed's debit interchange rule an issue of staggering importance.
Credit unions pump up loan balances by promoting credit card balance transfer offers.
A Friday ruling allows retailers who opted out of last year's settlement to proceed with new suits. Card brands can also countersue retailers.
A new Aité Group report says cash is more expensive for retailers than cards. Retailer groups disagree.
E-commerce merchant Mitch Goldstone filed the interchange antitrust lawsuit back in 2005.
Instant issue cards can generate higher card activation rates and more interchange revenue.
Some retailers appeal a settlement other retailers had reached with Visa, MasterCard and six major banks.
Last year's lawsuit against the Federal Reserve could be heard by the Supreme Court.
Read why take-up of mobile payments matters, and access a Filene report exclusive to CU Times readers.