Business owners say card transaction fees are a growing monthly expense, one often passed to consumers. They’re cheering efforts to lower them.
Category: Visa Inc
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U.S. Accuses Visa of Monopoly in Debit Cards
The financial giant, which processes the majority of debit card spending in the United States, unfairly imposed fees on merchants and deterred rivals, the Justice Department said.
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Why the Justice Department is Targeting Visa
The Justice Department is expected to sue the global payments giant as soon as Tuesday, accusing the company of stifling competition.
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Visa Faces an Antitrust Lawsuit by the Justice Dept.
The agency plans to argue that the company illegally penalizes customers that try to use rival payment processors.
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Are Travel Loyalty Programs at Risk?
A new agreement by Visa and Mastercard to reduce fees charged to merchants may drain the lucrative rewards that grant free travel to many credit card users.
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The Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.
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How Washington May Approach the Capital One-Discover Deal
Regulators have been tough on big financial mergers, though there are nuances in Capital One’s $35.3 billion takeover bid for Discover.
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Travel Rewards Cards: How to Maximize Points, Perks and Miles
The range of perks you can earn is almost as bewildering as the rules to get them are. Here’s how to compare cards and get the most out of the ones you have.
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How Multicurrency Accounts Take the Bite Out of Spending Money Abroad
The New York Times – Travel:Travelers fed up with lousy exchange rates and punitive foreign transaction fees are signing up for apps that let them decide where the buck (or euro or pound) stops.