Effective April 15, 2023, Visa has implemented a reduction in the permissible merchant surcharge to the lower of: (a) the merchant discount rate (MDR) for the applicable credit card or (b) 3%. The MDR ...
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Illinois retailers and banks in legal dispute over card charges
Banks asked Judge Virginia Kendall to void Illinois’ interchange-fee law on pre-emption grounds; merchants sought to uphold ...
Credit card surcharging is on the rise. Imposing a surcharge in a compliant manner is more than adding a fee at the point of sale. Below we review on a high level the legal and commercial ...
Merchants’ price for accepting credit cards has remained steady for years, according to data released Monday by the Electronic Payments Coalition, an advocacy group representing the payment card ...
The report said that UPI is well positioned to consolidate its role as the backbone of India's payments landscape on the back ...
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