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2. Get ready, the Discover-Capital One merger could transform ...

   www.aol.com/finance/ready-discover-capital-one...

   It’s been almost a year since Capital One’s $35.3 billion deal to acquire Discover shocked the credit card industry.. Announced in February 2024—and expected to close soon—the deal would ...

3. 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 ...

4. Airlines begin canceling flights, offering rebooking ahead of ...

   www.aol.com/airlines-issue-waivers-tropical...

   Frontier Airlines. Travelers with Frontier flights scheduled to, through and from the following airports may rebook without change fees, but fare differences may apply. Flights scheduled through ...

5. 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 ...

6. Card scheme - Wikipedia

   en.wikipedia.org/wiki/Card_scheme

   Interchange fees [8] (or trade fees) are transaction charges that the acquiring bank pays when a payment is being processed via debit or credit card. The expenses are paid to the issuing bank and cover costs, such as processing fees, bad debt, and charges due to risk and potential fraudulent activities.

7. Challenges to Illinois’ pending interchange law continue to ...

   www.aol.com/news/challenges-illinois-pending...

   The law prohibits a credit card holder’s bank from charging or receiving interchange fees on portions of transactions, including taxes and gratuities. It is scheduled to go into effect July 1.

8. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   In the EU, interchange fees are capped to 0.3% of the transaction for credit cards and to 0.2% for debit cards, while there is no cap for corporate cards. [3] In the US, card issuers now make over $30 billion annually from interchange fees. Interchange fees collected by Visa [4] and MasterCard [5] totaled $26 billion in 2004. In 2005 the number ...

9. Midday Report: Airlines Hike Up Added Fees, Just in Time for ...

   www.aol.com/news/on-airlines-fees-summer-travel...

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