Lawmakers Take Aim at Visa and Mastercard Fees Once Again
Lawmakers have reintroduced legislation that would let merchants process many Visa and Mastercard credit cards over different networks.
June 8, 2023
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Kroger and Albertsons Merger, Fight Against World Hunger, 422M Points for a Tea Cup
Kroger and Albertsons $25 Billion merger, Mexico eliminates mask requirement, United, Chase and Visa join the fight against world hunger, Chinese billionaire earned 422M reward points buying an antique tea cup, and a Hilton Rotterdam review.
October 14, 2022
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Merchants Large and Small Ask Congress to Support Credit Card Competition Legislation
Close to 1,700 companies ranging from Main Street small businesses to national chains like Walmart and Target, are calling on Congress to support legislation that would bring more competition to the credit card market.
September 15, 2022
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Little-Known US Entry Requirement, Enter to Win Free Trips to Tulum or France, 6,000th IHG Hotel
Read about a little-known US entry requirement, win free trips to Tulum, Mexico or Provence, France, IHG’s 6,000 hotels milestone, United, Chase and Visa celebrate Pride Month.
June 8, 2022
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Retailers and Lawmakers Call on Visa and Mastercard to Scrap Fee Increase Plans
The National Retail Federation and lawmakers have urged Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month.
April 23, 2022
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Visa and Mastercard Plan to Go Ahead with Delayed Fee Increase Next Month
Visa and Mastercard will soon increase fees that many large merchants pay when they accept consumer credit cards. The fee increase was announced a long time ago but was delayed for more than two years due to the pandemic.
March 8, 2022
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Amazon Could Drop Visa as Credit Card Partner
Amazon.com Inc is considering dropping Visa as partner for its U.S. co-branded credit card. The move comes as the e-commerce giant dropped Visa credit cards in the United Kingdom.
November 18, 2021
1 Comment
Visa Cardholders Can Now Get Free Shipt Membership
All U.S. Visa consumer credit cardholders can enroll to get free delivery of groceries and other home essentials on all Shipt marketplace orders over $35.
September 20, 2021
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Visa Allows Payment Settlements Using Cryptocurrency
Visa today announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum.
March 29, 2021
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DOJ Investigating Visa’s Debit Card Practices
The Wall Street Journal has published a report today saying that the Justice Department has opened an investigation into Visa’s debit card business and possible anticompetitive practices. Visa shares dropped 4.54% after the report.
March 19, 2021
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Visa and Mastercard Postpone Swipe Fee Increases
The higher fees will apply only to “some” undefined purchases WSJ reports, including “small supermarkets” and “restaurants,” but the categories of spending affected are also expected to include “many online transactions.”
March 18, 2021
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How Visa, Mastercard, American Express and Discover Differ Plus Acceptance and Best Offers
If you take a credit card out of your wallet right now, most likely it will have the logo of one of the four major credit card processors. Those are Visa, Mastercard, American Express and Discover.
January 12, 2021
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Visa ‘Tap to Phone’ Coming to U.S. in 2021 (Video)
Sellers download an app, supported by their acquirer, and after registering and selecting their participating bank, the sellers can start accepting contactless payments in just a few minutes. Buyers just tap their Visa cards to the merchants’ phone to complete the transaction.
October 22, 2020
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Roundup: Don’t Put Novelty Stamps on Passport, Special Offers, New Digital Checkout Experience and More
Why you should never put novelty souvenir stamps on your passport, how credit card companies select you for special offers, a new digital checkout experience powered by Amex, Discover, Mastercard and Visa, Americans paying an extra $577 annually in fees and other expenses, and The Maldives is now open to all global tourists.
July 18, 2020
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List of Merchant Category Codes (MCC) for Visa and Mastercard
Merchant Category Codes (MCCs) are used to identify the type of business in which a merchant is engaged. Most of the time MCC identifies a business correctly but there are always some outliers, especially when it comes to small businesses.
May 26, 2020
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Visa Making Big Changes to U.S. Swipe Fees
Visa is planning the biggest changes in a decade to the rates U.S. merchants pay to accept its cards, Bloomberg reports. The move is aimed at attracting more people to use credit cards for purchases.
February 4, 2020
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Visa Infinite Business Products Coming Soon
Visa today announced Visa Infinite Business, an expansion of its business card product suite in the United States. Visa already offers personal Infinite cards.
October 23, 2019
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Major Card Companies Launch ‘Click to Pay’ for Simple and Secure Checkout
The four big credit card payment networks, American Express, Discover, Mastercard and Visa, rolled out today a new click-to-pay technology that simplifies the purchase process.
October 22, 2019
1 Comment
Visa and Mastercard Reach Deal with European Union to Reduce Interchange Fees
Visa and Mastercard have reached a deal with the European Commission to cut inter-regional interchange currency fees. This is the latest concession from the two
April 29, 2019
1 Comment
Visa and Mastercard Will Pay $6 Billion for Interchange Fee Settlement
Visa and Mastercard have reached a settlement on a 14-year-old lawsuit over fees charged when merchants accept card payments.
April 26, 2019
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