After years of attempting to even get a bill on the floor of Congress, business groups finally saw enough support to draw a bipartisan vote in the Senate for the first-ever regulation over the fees charged merchants ...

Handing the banking industry a defeat and possible price breaks for consumers, the Senate today approved restrictions on the “swipe fees” that MasterCard and Visa payment networks charge merchants on card transactions. In ...

A leading Democratic senator wants the Federal Reserve to determine if interchange fees -  charged businesses every time a customer uses a credit or debit card – are “reasonable and proportional” to the costs ...

A day after its dominant rival posted higher-than-expected earnings, MasterCard came in below analysts’ estimates with a 23 percent profit increase for the fourth quarter. The No. 2 card payments network saw ...

With much fanfare recently, Twitter co-founder Jack Dorsey started public testing of a new device, dubbed Square, that attaches to an iPhone and accepts the swipe of a credit card for small business owners. But ...

Checks totaling more than $1 billion will be mailed this week to more than a half million merchants in the final payouts from Visa and Mastercard stemming from a 2003 lawsuit settlement, said the National Retail ...

Restricting fees that retailers have to pay banks for accepting credit cards could benefit consumers “if merchants reduced prices for goods and services,” congressional auditors concluded in a report ...