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By David Morrison |
July 22, 2012
The longstanding dispute over credit card fees and payment practices appeared to come to a close last week when the U.S. District Court for the Eastern District of New York announced a preliminary settlement in a dispute between retailers, the major card brands and at least nine major card issuers.
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By David Morrison |
July 16, 2012
Reaction to settlement of longstanding credit card anti-trust suit.
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By David Morrison |
June 18, 2012
Retail associations are celebrating what they are calling a year since their legislative victory in the battle over the Durbin amendment by asserting that none of amendment opponents' dire predictions have come true.
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By David Morrison |
May 11, 2012
Illinois senator files brief in case seeking to force Fed to cut interchange costs further.
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April 22, 2012
Rather than pass debit interchange savings from the Durbin Amendment on to consumers, gasoline retailers are pocketing the difference, according to the Electronic Payments Coalition.
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By David Morrison |
April 16, 2012
Rather than pass debit interchange savings from the Durbin Amendment on to consumers, gasoline retailers are pocketing the difference, the Electronic Payments Coalition says.
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By David Morrison |
December 9, 2011
Electronic Payments Coalition secret shoppers say prices went up after Oct. 1 debit cap kicked in.
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By Claude R. Marx |
December 4, 2011
Saying that the debit card swipe fees set by the Federal Reserve were neither reasonable nor proportional, the National Retail Federation and other groups have sued the agency.
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By David Morrison |
October 17, 2011
Two legislators have announced they will file a bipartisan bill in the House to repeal the Durbin amendment and remove its cap on debit card interchange.
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By David Morrison |
October 12, 2011
Some industry organizations which fought the passage of the Durbin amendment have moved quickly to applaud the prospect of its repeal.
