Three years after the Durbin Amendment took effect, the law’s painful impact on the cost of selling soda, candy, newspapers, and other small-ticket items remains an issue. And things may stay that way unless the newly elected Congress acts after taking office at the...
Over the past several years, during his conference calls with analysts to review Discover Financial Services’ quarterly earnings, chief executive David W. Nelms occasionally took swipes at Visa Inc.’s efforts to maintain its dominant debit card market share in the...
Beginning January 27, 2013, merchants in the United States and U.S. Territories will be permitted to impose a surcharge on consumers when they use a credit card. Historically Visa has not permitted retailer surcharging, but allowing surcharging was a key provision...
The U.S. District Court for the Eastern District of New York has preliminarily approved a proposed settlement agreement in antitrust litigation regarding interchange fees and merchant discounts. As part of the settlement, Visa will be implementing certain Visa...
The National Restaurant Association is joining opponents of a proposed $7.2 billion antitrust settlement between some merchants and Visa and MasterCard over credit card transaction fees. NRA’s main worry is that the settlement would bar all Visa- and...
