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Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the " issuing bank ").
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 ...
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.
WASHINGTON (Reuters) -The U.S. Supreme Court on Monday revived a North Dakota convenience store's challenge to a Federal Reserve regulation on debit card "swipe fees" in a ruling that could make ...
California State Parks is the state park system for the U.S. state of California. The system is administered by the California Department of Parks and Recreation, a department under the California Natural Resources Agency. The California State Parks system is the largest state park system in the United States. [5]
As California faces a staggering budget deficit, library card holders may soon lose the ability to check out free passes to more than 200 state parks, including popular destinations near Los Angeles.
In an effort to save on cash processing and hand handling fees, 22 national parks have gone cashless as of 2023. In September 2023, U.S. Senator Cynthia Lummis (R-WY) proposed the "Protecting Access to Recreation with Cash Act" (PARC) which would require national parks to accept cash as a form of payment for entrance fee. [ 13 ]
The parks department and EBIT-Golf Inc., which contracts to manage and operate Riverside Golf Course, is proposing raising greens fees by $1 to $2 per round, and to adjust the fees each year ...