Blog detail
WayTooHigh.com - The Credit Card Interchange Report
http://waytoohigh.wordpress.com/
- Author: ScanMyPhotos.com - Mitch Goldstone
- Listed in: Business Law & Legal
- Tags: visa mastercard waytoohigh.com merchant interchange fee credit card interchange antitrust litigation
- Added on: Nov 20th, 2007
- Country: United States
- Language: English
This site features the most comprehensive international breaking news, daily updates and commentaries on the history of merchant interchange fees. The goal in representing millions of merchants and cardholders is to reform an antiquated, costly and unfair payment system and explain why the nearly $40 billion annual merchant interchange fee is a hidden tax on consumers and retailers
WayTooHigh.com - The Credit Card Interchange Report's Neighborhood
Recent Posts
Now Airlines Are Being Forced to Violate Their Merchant Credit Card Rules
According to The Travel Pirates blogger, Europe’s Ryanair is violating Visa and MasterCard merchant rules by charging extra for in-flight electronic payment transactions. Click here to read more. Where are the bank’s advocacy grou...
“A New Business Model For Card Payments” (Via Diamond Management & Technology Consultants)
See below abstract from the Diamond Management & Technology Consultants report by Amy Dawson and Carl Hugener: Credit and debit cards have been a major profit engine for issuing banks, but legal and possible regulatory challenges to the interchan...
“Cracking Down on Hidden Fees” (via Washington Post)
A bill that would allow merchants to negotiate interchange fees directly with credit card companies cleared a hurdle this week. In a 19 to 16 vote, the House Judiciary Committee approved the Credit Card Fair Fee Act of 2008. And what exactly are inte...
Merchants Are Already Lowering Their Prices In Anticipation of Interchange Fee Savings
ScanMyPhotos.com and 30 Minute Photos Etc. are not waiting for the closing bell to ring out what is a nearly $50 billion annual hidden tax on Americans. While Visa and MasterCard and its highly paid advocacy groups suggest that merchants will simpl...
Visa and MasterCard Interchange Fee Increases Impact PIN-based Debit Cards
While Visa and MasterCard attempt to limit the outrage over their windfall profiteering at the pumps, the ineffective rate reductions on gasoline electronic payments, were just met with new rate increases for merchants. PIN-based debit card fees tr...
