Convenience retailers lose credit card provision as stablecoin law moves forward without Credit Card Competition Act ...

Maryland merchants and consumers face rising swipe fees. The Credit Card Competition Act could bring relief by boosting ...

With a single swipe, Chase customers will be able to move from old-school banking to stablecoins and crypto wallets.

July 12, 2025 — 07:01 pm EDT Written by Caitlyn Moorhead for GOBankingRates -> The risk of credit card fraud doesn’t end when or where you swipe your card.

In total, swipe fees on all credit cards totaled $148.5 billion in 2024, up from $136 billion the prior year. Debit card swipe fees reached $38.7 billion, up from $36.3 billion.

Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.

The Credit Card Competition Act is aimed at reducing credit card fees in an attempt to lower costs for businesses and customers. Updated: 5:55 AM PST Nov 24, 2024 Amy Lu Washington Bureau Reporter ...

Last year, Visa and Mastercard agreed to cap swipe fees for five years, and pay back $30 billion to merchants who said they’d been overcharged on credit card transactions. But in June a federal ...

Every credit card transaction results in the merchant paying fees to Visa and Mastercard ranging from 2% to 4% that are then passed on to consumers. These swipe fees hit Illinois residents in the ...

You spend $50 filling your gas tank. When you swipe your credit card, the business must pay a fee to a payment-processing company. For Visa and MasterCard, it's about 2 percent of the purchase ...