Durbin said Visa and Mastercard control about 85 percent of the credit card market. They don't negotiate and businesses have ...

The legislation would allow merchants to route transactions over multiple card networks, boosting competition, cutting costs ...

WASHINGTON, D.C. — Passage of the Credit Card Competition Act (CCCA) is gaining momentum.

Kentucky's economic health relies heavily on the prosperity of its businesses, both big and small. But with prices continuing to rise, small businesses like mine that comprise more than 99% of ...

Visa and Mastercard say they have reached a settlement to resolve a long-running battle over swipe fees. These are the fees that restaurants and retailers pay the card companies every time a customer ...

Hello! I'm covering Niagara County for 7 News WKBW. If you have a story idea, please email me at Derek.Heid@wkbw.com BUFFALO, N.Y. — You may see some decreased ...

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After a decades-long legal battle with merchants, Visa and Mastercard have agreed to settle an antitrust class-action lawsuit over credit card swipe fees, a move that could potentially benefit ...

Once a credit card swipe crosses the $5,000 mark, the transaction stops being routine and starts triggering a series of behind-the-scenes checks, score calculations, and banking rules that most people ...

I’ve spent most of my life working in restaurants. At 15, I worked tables at the restaurant my dad managed while my mom bartended. Even then, I knew I wanted to be a chef — though my dad wasn’t ...