Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

Kentucky's economic health relies heavily on the prosperity of its businesses, both big and small. But with prices continuing to rise, small businesses like mine that comprise more than 99% of ...

Hello! I'm covering Niagara County for 7 News WKBW. If you have a story idea, please email me at [email protected] BUFFALO, N.Y. — You may see some decreased ...

Visa and Mastercard say they have reached a settlement to resolve a long-running battle over swipe fees. These are the fees that restaurants and retailers pay the card companies every time a customer ...

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After a decades-long legal battle with merchants, Visa and Mastercard have agreed to settle an antitrust class-action lawsuit over credit card swipe fees, a move that could potentially benefit ...

Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...

Credit card swipe fees are a thorn in the side of my business. Each time a customer taps, inserts or swipes their credit card to make a purchase, I pay a fee — generally between 2-4% of the purchase ...

Every time a customer at a convenience store pays with a credit card, the store is forced to pay a fee. In 2024, major credit card networks like Visa and Mastercard swiped $148 billion from businesses ...

I’ve spent most of my life working in restaurants. At 15, I worked tables at the restaurant my dad managed while my mom bartended. Even then, I knew I wanted to be a chef — though my dad wasn’t ...