retail industry

• Interchange Deal Advances

  By David Morrison  |  November 21, 2012

  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.

• Court Grants Preliminary Approval to Interchange Deal

  By David Morrison  |  November 9, 2012

  Decision can still be appealed and National Retail Federation said it's considering that route.

• Hearing Friday on Interchange Settlement

  By David Morrison  |  November 9, 2012

  Both sides of testy dispute issue statements ahead of New York hearing.

• Grumbles Aside, Interchange Dispute Moves Toward Settlement

  By David Morrison  |  October 31, 2012

  The negotiated settlement meant to end the longstanding dispute over credit card interchange moved closer to becoming final last week as attorneys for both sides in the dispute proposed a final settlement agreement to the U.S. District Court in New York and made a motion for its approval.

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  Grow? It’s Part of Fla. CU’s Name, History and Future

  By Eileen Courter  |  July 22, 2012

  As far as Bob Fisher, president/CEO of Grow Financial Federal Credit Union, is concerned, joining the Billionaires Club doesn’t mean you don’t need to stop growing. In fact, he believes growth is essential.

• Transactions Show CU Members Also Spending Freely

  By David Morrison  |  December 14, 2011

  Black Friday spending up 8.1% this year, CO-OP says.

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  National Retail Federation Predicts Average Holiday Shopping Year

  By David Morrison  |  November 14, 2011

  Credit unions looking to boost fee income with card interchange from holiday sales may not see as much holiday cheer as last year.

• Debit Interchange Fight Sparks Battle of Big Spenders

  By Claude R. Marx  |  April 20, 2011

  Retail and financial service industries are duking it out over attempts to regulate debit interchange fees.

• Card Probe Ends With a Whimper for MasterCard, Visa; Amex Vows a Fight

  By David Morrison  |  October 13, 2010

  The U.S. Justice Department announced last week that a long-running antitrust investigation against the three largest card brands has ended in a settlement with two of the three and litigation against the third.

• Reactions Vary to DOJ Card Actions

  By David Morrison  |  October 5, 2010

  Consumer and retail groups are praising the U.S. Department of Justice's actions against major credit card brands, but analysts are split about whether the moves will result in real lower prices for consumers.