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  2. Supreme Court 'swipe fees' ruling may open US regulations to ...

    www.aol.com/news/supreme-court-swipe-fees-ruling...

    Swipe fees, also called interchange fees, reimburse banks for costs involved in offering debit cards. The fees are determined by Visa, MasterCard and other card networks, with a cap of 21 cents ...

  3. Payment card interchange fee and merchant discount antitrust ...

    en.wikipedia.org/wiki/Payment_Card_Interchange...

    A part of the settlement that allows merchants to charge fees to customers paying via credit card in order to recoup swipe fees took effect on January 27, 2013. Debit cards and transactions in the ten states that prohibit credit-card surcharges will not be affected.

  4. US Supreme Court wrestles with bid to challenge debit card ...

    www.aol.com/news/us-supreme-court-wrestles-bid...

    Swipe fees, also called interchange fees, reimburse banks for costs involved in offering debit cards. The fees are determined by Visa, MasterCard and other card networks, with a cap of 21 cents ...

  5. Durbin amendment - Wikipedia

    en.wikipedia.org/wiki/Durbin_amendment

    Interchange fees or "debit card swipe fees" are paid to banks by acquirers for the privilege of accepting payment cards. Merchants and card-issuing banks have long fought over these fees. Prior to the Durbin amendment, card swipe fees were previously unregulated and averaged about 44 cents per transaction. [3]

  6. Visa, Mastercard settle long-running antitrust suit over ...

    www.aol.com/news/visa-mastercard-settle-long...

    Swipe fees are paid to Visa, Mastercard and other credit card companies in exchange for enabling transactions. Merchants ultimately pass on those fees to consumers who use credit or debit cards.

  7. Interchange fee - Wikipedia

    en.wikipedia.org/wiki/Interchange_fee

    Interchange fees have a complex pricing structure, which is based on the card brand, regions or jurisdictions, the type of credit or debit card, the type and size of the accepting merchant, and the type of transaction (e.g. online, in-store, phone order, whether the card is present for the transaction, etc.).

  8. A U.S. judge on Tuesday rejected a $30 billion antitrust settlement in which Visa and Mastercard agreed to limit fees they charge merchants who accept their credit and debit cards. U.S. District ...

  9. Corner Post, Inc. v. Board of Governors of the Federal ...

    en.wikipedia.org/wiki/Corner_Post,_Inc._v._Board...

    One part of the Act, the Durbin amendment, required the Federal Reserve Board to promulgate a regulation limiting fees for debit-card transactions. In 2011, the Board published its final rule, which set the maximum transaction fee at $0.21 plus 0.05% (5 basis points). [1] Several merchant groups challenged the rule in 2011 in NACS v.