BRISTOL, Tenn. - Shoppers beware: if you choose to swipe your credit card, it could cost you more money. Two major credit card companies are now allowing businesses to charge an additional fee on-top ...
Retail Insight Network on MSN

Why US retailers want new swipe fee legislation

US retail groups are urging lawmakers to reform credit card swipe fees, saying dominant networks limit merchant choice.
A proposal is moving through the Kansas Legislature that would ban credit card networks from applying fees to sales taxes and tips. If passed, the measure would unlock immediate savings for the ...
Advocates encourage passage of the Credit Card Competition Act during Senate Judiciary Committee hearing. Citing data released by payments consulting firm CMSPI, RILA noted that swipe fees to process ...
NC book store owner: That 2-4 percent charge hurts businesses like mine and our customers. What lawmakers here can do.
Every time a card terminal chirps and a sale goes through, a small slice of that purchase is quietly carved off and routed into one of the most profitable financial systems on earth. The money does ...
Credit card 'swipe fees' are a significant expense for small businesses, often second only to labor costs. These fees, typically 1.5% to 3.5% of a sale, cost U.S. businesses billions annually. Visa ...
The act is a bipartisan effort to restore competition and transparency to a credit card system dominated by a Visa–Mastercard ...