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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 Motley Fool recommends Discover Financial Services and recommends the following options: long January 2025 $370 calls on Mastercard, short January 2025 $380 calls on Mastercard, and short June ...
Capital One’s $35.3 billion acquisition of Discover could close as early as February. It has the potential to reshape the credit card business.
Customers of both issuers would also benefit from increased ATM access—Capital One and Discover both rely on Allpoint and MoneyPass fee-free ATMs. Capital One boasts a network of more than ...
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 ...
In February 2006, Discover Financial Services announced that it would begin offering Discover debit cards to other financial institutions, made possible by the acquisition of Pulse. [ 2 ] Discover is the third largest credit card brand in the U.S., with 60.6 million cardholders or about 8% of cards in circulation, placing it well behind Visa ...
Some merchants give discounts if you pay in cash, avoiding interchange fees and passing the savings to consumers. This is perhaps most noticeable at gas stations, many of which give a discount of ...
Interchange fees are charged by the merchant's acquirer to a card-accepting merchant as component of the so-called merchant discount rate (also referred to as "merchant service fee"). In Livefeeordie's definition, the interchange fee sounds like a free-standing fee, rather than component of a larger cost of accepting electronic payment.
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