Federal judge throws out Durbin Amendment's 21-cent cap in emphatic ruling.
The National Retail Federation announced last week that it will formally oppose the final settlement of litigation between retailers, Visa and MasterCard and a number of the largest card issuers.
Latest round in battle between card brands and retailers seeks rejection of interchange settlement.
The retail group, which had not been part of the original litigation, had been criticizing the settlement for months.
The pending anti-trust settlement, pitting the six major card issuers and two major card brands against the retailers, has sparked a legislative backlash.
Card, retail executives say practice unlikely to take root in U.S.
Despite slow uptake and Google's low-touch service, search giant remains largest foe in digital wallet disintermediation threat.
Retailers with annual sales below $1 million have dropped year-to-date, while large retailers have seen sales hike.
The multiple-party, multiple-year case over credit card interchange moved one step closer to resolution on Nov. 9 when the Honorable Judge John Gleeson granted preliminary approval of the settlement agreement between retailers, payment networks and nine major card issuers.
As consumers head to the malls and shopping strips this holiday season, more than half are expected to use cash or debit cards and only one out of three shoppers will break out credit cards to buy gifts, so reports an online survey of Litle & Co., a Lowell-Mass.-based payments...