CMSPI’s top press articles in the US.
Visa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards.The fee increases—delayed during the past two years because of the pandemic—are scheduled to kick in next month, according to people familiar with the matter and a document viewed by The Wall Street Journal.Wall Street Journal
In the payments business, nothing gets the attention of the entire industry as effectively as the topic of fees. And no fee wins that attention as much as the interchange fee—the cost acquiring entities pay issuers each time a cardholder taps (slides, waves) his card.Digital Transactions
As the Federal Reserve considers a move to increase competition among the payment networks that process billions of dollars in online debit card transactions each year, the agency has been flooded with letters and emails from merchants that support the plan and banks that oppose it.American Banker