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2. Square (financial services) - Wikipedia

   en.wikipedia.org/wiki/Square_(financial_services)

   In February 2024, Block reported that its Square segment processed payments worth US$209.6 billion, while generating $7.03 billion in revenue and $3.13 billion in gross profit, for the year 2023. [8] In May 2024, Square was found to be the market leader in point-of-sale systems for small businesses. [5] [6]

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

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

   In March 2024, a settlement in the injunctive relief portion of the payment card interchange fee case was announced to reduce what are known as "swipe fees" for merchants in the U.S. This change, set to last five years, was expected to save retailers about $30 billion and mark the end of a long-standing legal battle over antitrust issues ...

4. Block, Inc. - Wikipedia

   en.wikipedia.org/wiki/Block,_Inc.

   Block, Inc. (formerly Square, Inc. [10]) is an American technology company offering financial services to consumers and businesses. [11] [12] [13] Founded in 2009 by Jack Dorsey, it leads the U.S. point-of-sale systems market. [14] [15] [16] As of 2023, Block serves 56 million users and 4 million businesses, [17] [18] processing $228 billion in ...

5. DOJ accuses Visa of debit monopoly that affects price of ...

   www.aol.com/news/justice-department-accuses-visa...

   More than 60% of debit transactions in the U.S. run over Visa rails, helping it charge more than $7 billion annually in processing fees, according to the DOJ complaint.

6. Visa, Mastercard mull increasing fees for processing ... - AOL

   www.aol.com/news/visa-mastercard-mull-increasing...

   Fees that Mastercard and Visa charge financial institutions, such as banks, for processing card payments on behalf of merchants, are also set to go up, the report said. Some of the changes (https ...

7. Durbin amendment - Wikipedia

   en.wikipedia.org/wiki/Durbin_amendment

   The Durbin amendment, implemented by Regulation II, [1] is a provision of United States federal law, 15 U.S.C. § 1693o-2, that requires the Federal Reserve to limit fees charged to retailers for debit card processing.