July 24, 2012

One of the provisions of a proposed settlement with Visa and Mastercard over interchange fees is that the cards will change their rules to allow retailers to begin charging customers a fee -- 1% to 3%, for example -- to cover the swipe fee charged by the card companies. Most readers say they are in no hurry to alienate customers with an extra fee. 

October 13, 2011

The National Retail Federation Wednesday said that legislation introduced in the House to repeal debit card swipe fee reform would cost consumers more than $6 billion a year in savings that merchants plan to pass along to their customers. 

June 30, 2011

On customer safety

June 30, 2011

The National Lumber and Building Material Dealers Association (NLBMDA) said it was disappointed by the Federal Reserve Board's decision to delay and reduce fee caps for certain card transactions. 

June 14, 2011

Are banks and credit card companies charging too much for debit transactions? Here's what we heard:

June 8, 2011

Retail associations are celebrating the defeat of a measure that would have delayed new rules governing "swipe fees" for certain card transactions at the retail point of sale.

The National Lumber and Building Material Dealers Association was among those applauding the defeat of a proposal by Sen. Jon Tester (D-Mont.) and Sen. Bob Corker (R.-Tenn.).

March 31, 2011

"It is one of the most active lobbying efforts I have ever seen,” quipped Senate Majority Whip Dick Durbin (D-Ill.) recently when asked about the fight over debit card swipe fees. 

And that’s saying a lot, considering he’s been on Capitol Hill for 28 years. 

September 5, 2010

Is the customer always right?...