A settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants. ...
topA settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants.
topA settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants
topExpect further pressure on the credit card industry. Some analysts say the settlement allows smaller retailers to band together to negotiate with card issuers
topThe Fallout From a Credit Card Shake-Up. A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.
top. A settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants
topA proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.
topWhat's in the settlement: Visa and Mastercard said on Tuesday that they had agreed to reduce swipe fees, costs associated with the use of a credit card, for about five years.
top(Some merchants may end up swallowing the costs.). . Expect further pressure on the credit card industry. Some analysts say the settlement allows smaller retailers to band together to negotiate with card issuers
top(Some merchants may end up swallowing the costs.). . Expect further pressure on the credit card industry. Some analysts say the settlement allows smaller retailers to band together to negotiate with card issuers
topBut the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards - and for retailers.. . What's in the settlement: Visa and Mastercard said on Tuesday that they had agreed to reduce swipe fees, costs associated with the use of a credit card, for about...
topBut the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards - and for retailers.
top... merchants the tax collector for the charges - and it makes merchants the bad guy in the eyes of the consumer," Doug Kantor, general counsel for the National Association of Convenience Stores, told The Times. (Some merchants may end up swallowing the costs.). . Expect further pressure on the credit card industry
topThe proposed change "makes the merchants the tax collector for the charges - and it makes merchants the bad guy in the eyes of the consumer," Doug Kantor, general counsel for the National Association of Convenience Stores, told The Times. (Some merchants may end up swallowing the costs.)
topThe proposed change "makes the merchants the tax collector for the charges - and it makes merchants the bad guy in the eyes of the consumer," Doug Kantor, general counsel for the National Association of Convenience Stores, told The Times. (Some merchants may end up swallowing the costs.)
topThe proposed change "makes the merchants the tax collector for the charges - and it makes merchants the bad guy in the eyes of the consumer," Doug Kantor, general counsel for the National Association of Convenience Stores, told The Times. (Some merchants may end up swallowing the costs.)
top... makes merchants the bad guy in the eyes of the consumer," Doug Kantor, general counsel for the National Association of Convenience Stores, told The Times. (Some merchants may end up swallowing the costs.). . Expect further pressure on the credit card industry. Some analysts say the settlement allows smaller retailers to band together to negotiate with card issuers
topSome analysts say the settlement allows smaller retailers to band together to negotiate with card issuers. And Senator Dick Durbin, the Illinois Democrat who has long fought to rein in swipe fees, will most likely press forward with legislation that would impose more competition upon Visa and Mastercard
topSome analysts say the settlement allows smaller retailers to band together to negotiate with card issuers. And Senator Dick Durbin, the Illinois Democrat who has long fought to rein in swipe fees, will most likely press forward with legislation that would impose more competition upon Visa and Mastercard
topA settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants.. . But the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards...
topA settlement that could scramble the credit card business. A long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants.
topBut the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards - and for retailers.
topA long-running fight between the credit card giants Visa and Mastercard and retailers in the United States is nearing an end, with the promise of lower fees for merchants.. . But the proposed class-action settlement could have wider consequences, including for the lucrative business of high-end credit cards - and for retailers
topSome analysts think banks could still fiddle with rewards programs to keep users hooked, but the business probably won't be as profitable as it once was.
topWhy it matters: Swipe fees, also known as interchange fees, are a big business; the Nilson Report, which tracks the payments industry, estimates that Visa, Mastercard and card-issuing banks collected $72 billion last year alone.. . For card issuers, much of that money is then funneled into rewards associated with high-end cards, which entice consumers to spend more, racking up more fees...