— -- When gas prices edged above $4 a gallon earlier this spring, the Merchants Payments Coalition, a group that represents retailers, said "hidden fees" charged by banks and card processing ...

Americans currently use debit cards and credit cards for nearly 82% of their payments and purchases, almost double the share as recently as 2003. In 2022, they used debit cards 98 billion times for ...

Data suggests that fees charged by banks and card networks were more than 25% higher than other estimates. "These outrageous fees drive up the price of almost everything consumers buy, and addressing ...

Public policy debates in the United States are often framed as efforts to protect consumers from corporate power. However, when policies are designed without adequate consideration of structural inequ ...

SANTA BARBARA, Calif., March 19, 2025 (GLOBE NEWSWIRE) -- Credit, debit and prepaid cards issued in the US were used to pay for $11.903 trillion in goods and services in 2024, a new record. Also a ...

The Durbin Amendment was enacted with the intention of knocking down interchange fees and easing the burden on consumers and merchants alike. Card networks are soaring through loopholes to maintain ...

Swipe fees are charges merchants pay when accepting card payments. They range from 1% to 3% depending on card type and brand. Swipe fees eat into profit margins but can be managed with smart ...

Learn what dormancy fees are, their impact on bank, gift, and prepaid cards, and how to avoid them. Understand essential ...