creditcards

Could Real Swipe Fee Relief Be On the Way?

Some speculate Visa and MasterCard could settle lawsuit before September Court date. Visa Inc. and MasterCard Inc. are reportedly prepared to settle a seven-year lawsuit brought by retailers, regarding swipe fee costs, sometime late this month—even as soon as next week, Bloomberg reported. The deal may include payments to retailers and a temporary cut in

Interchange Debate Reaches Georgia Committee

The issue of interchange fees found an audience at the Georgia House Banks and Banking Committee, which listened to testimony last week on HB 1456-a bill that deals with the subject of interchange fees.   Often late session bills are buried in subcommittees, but significantly Committee Chairman James Mills, who co-sponsored the bill, allowed the

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