Merchant groups are not taking a position on President Donald Trump's threats to cap interest rates, but they are bullish on the president's endorsement of the Credit Card Competition Act.

Every time a card terminal chirps and a sale goes through, a small slice of that purchase is quietly carved off and routed into one of the most profitable financial systems on earth. The money does not just vanish into "processing,

Leading grocery trade groups are voicing unified support for the Credit Card Competition Act following its reintroduction in Congress.

WASHINGTON, D.C. — Passage of the Credit Card Competition Act (CCCA) is gaining momentum.

FMI enthusiastically endorses the reintroduction of the Credit Card Competition Act and praises Sens. Marshall and Durbin and Reps. Gooden and Lofgren for their steadfast leadership in bringing credit card swipe fee reform to the broken market that has long disadvantaged U.

A proposed settlement to long-running litigation over credit card fees could mean you could pay more at stores to use certain types of credit card, or even have your card rejected. Visa and Mastercard have reached a deal with merchants to settle a lawsuit ...

When it comes to processing credit card payments, you have to spend money to make money. Every player in the payments value chain, including the issuer, acquirer or processor and card network, deducts a small percentage from every card transaction in order ...

With card acceptance becoming a near-necessity in vending due to declining cash usage, processing fees can put meaningful pressure on already thin margins.