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| Wal-Mart Opposes Settlement with Credit-Card Networks Wall Street Journal Wal-Mart Stores Inc. (WMT) urged merchants Tuesday to reject a pending multibillion settlement reached by Visa Inc. (V) and MasterCard Inc. (MA) of numerous lawsuits filed by retailers over credit-card fees. The move is the latest swipe taken by the world's ... Wal-Mart also helped win a $3 billion class-action settlement with Visa and MasterCard in 2003 over the card networks' rules that required merchants who accepted their credit cards to also accept their debit cards. Visa and MasterCard agreed to drop that rule ... See all stories on this topic » | ||
| Wal-Mart Opposes Credit-Card Settlement Fox Business Wal-Mart Stores Inc. (WMT) on Tuesday urged merchants to reject a pending multi-billion settlement reached by Visa Inc. (V) and MasterCard Inc. (MA) of numerous lawsuits filed by retailers over credit-card fees. The move is the latest swipe taken by the world's largest ... The retailer was a key proponent of the Durbin amendment, a provision of 2010's Dodd-Frank financial overhaul legislation that cut nearly in half the interchange fees charged on debit-card transactions. Banks and card networks lobbied hard to first ... See all stories on this topic » | ||
| Big stores and customers fight proposed credit card fees Wink News A pending settlement between credit card companies and retailers would allow stores to charge you an extra fee for using your credit or debit card. The dilemma is, should retailers charge customers that extra fee to save their company money or opt out, in fear ... See all stories on this topic » | ||
| Wal-Mart opposes proposed settlement on credit card fees Reuters Wal-Mart said the $7.25 billion settlement would not change a "broken" system of what credit card companies charge retailers for processing credit and debit card payments, known as "swipe fees." "The proposed settlement would not structurally change the broken market or prohibit credit card networks from continually increasing hidden swipe fees, which already cost consumers tens of billions of dollars each year," the company said in a statement. The class-action settlement between retailers and the two biggest ... See all stories on this topic » | ||
| Credit settlement could force-fee(d) consumers with surcharges Tulsa World That's why consumers should start thinking about how they might change behaviors. The likelihood is that retailers will start charging fees on credit transactions - and possibly leaving debit-card deals alone - just about as soon as the floodgates officially open. See all stories on this topic » | ||
| Recommended: JPMorgan Chase settles with credit card customers for $100 ... msnbc.com It comes as JPMorgan, like many of its main rivals, addresses a wide range of litigation over its banking practices, such as whether it conspired to overcharge retailers on card transactions, or manipulated benchmark interest rates. Cardholders ... Based in New York, JPMorgan is among the lenders that on July 13 agreed, along with Visa Inc and MasterCard Inc , to pay $6 billion to settle retailers' claims that they engaged in anticompetitive practices to fix fees for processing credit and debit card payments. Regulators ... See all stories on this topic » | ||
| Credit Card Users May Pay An Additional Fee TheStreet.com The fees credit card transaction processing networks charge merchants for each swipe of certain debit cards have been limited since the regulation change was enacted last year. As a result, every type of company involved with a debit card ... I was surprised when a local gas station starting charging customers a much higher price per gallon when using a credit card, but angry when they didn't list or advertise the higher prices until the drivers were at the pump. My local camera store will match the low prices on ... See all stories on this topic » | ||
| JPMorgan in $100 million credit card settlement Reuters N), to pay $6 billion to settle retailers' claims that they engaged in anticompetitive practices to fix fees for processing credit and debit card payments. Regulators are also examining whether JPMorgan and more than one dozen rivals have tried to rig the ... See all stories on this topic » | ||
| Wal-Mart opposed to $6-billion credit card fee settlement Los Angeles Times Credit card companies have long defended the fees they charge stores. They say stores benefit from being able to accept credit and debit cards from customers, who often spend more when they're using plastic instead of cash or checks. As part of the ... See all stories on this topic » | ||
| Langford pub hit again by bank card scam Victoria Times Colonist Sitting in front of a computer or TV screen late into the night or leaving it on when you fall asleep could increase your chances of becoming depressed, according to a study by U.S. scientists. Depression: what is it? .... Police first reported in early July that a sophisticated hacker had obtained credit-card numbers from more than 50 people who were at the same pub. Two weeks ago they ... Police say there may not be a link between the first credit card incident and the latest debit card thefts. The hacker in the credit card ... See all stories on this topic » |
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