The recent settlement concerning the interchange fees for payment cards in the United States reveals the prominence with which two large credit card companies, Visa and MasterCard, serve as facilitators for payment processing. This settlement, which is a landmark one, embarks on the controversial issue of interchange fees in showing...
Impact of the Payment Card Interchange Fee Settlement on Businesses
The Payment Card Interchange Fee Settlement represents a landmark for the multitude of American businesses accepting credit and debit card payments. More than just an agreement, it resolves the old problem of high interchange fees also called ‘swipe fees’ being charged by Visa and Mastercard. These fees have been the...