Trump targets card swipe fees
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Total fees increased by more than $15 billion from the previous year. Last December, Rovertown partnered with Weigel's and St. Romain Oil Co., operator of Y-Not Stop c-stores, to integrate swipe fee reform messaging into the retailers' mobile apps.
Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. Sign up for our free newsletters. HARRISBURG — A bill that ...
As families shop for the holidays this year, many are grappling with the challenge of making their dollars stretch and wondering why things cost so much whether it’s gifts or groceries. Part of the answer lies in credit card “swipe” fees charged to ...
— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing companies added up to 10 cents to the price of gas.
Credit card swipe fees are going up, costing businesses and could eventually cost all of us more money too. The fees are charged every time we swipe a credit card while shopping. Here's an example: You spend $50 filling your gas tank. When you swipe your ...
New data indicates the fees charged by banks and card networks significantly exceeded the previously reported $172 billion. In its new "State of the Industry Report," CMSPI found that credit and debit card swipe fees reached $224 billion last year, not the ...
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 state’s dynamic small business community. Lawmakers in ...