Amazon settles Visa fee spat; US merchants challenge fees
While Amazon and Visa settled a simmering dispute over credit card processing fees, US merchants have ramped up a campaign to convince legislators to examine the impact of credit card processing fees on small businesses.
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Merchants Payments Coalition Using UK Settlement to Demand Changes on U.S. Swipe Fees
The Merchants Payments Coalition (MPC) is calling on officials in the United States to do something about credit card “swipe” fees following an announcement that Amazon has agreed to continue accepting Visa credit cards in the United Kingdom.
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Amazon Strikes Agreement With Visa on Payment Fees
Amazon.com Inc. has agreed to accept Visa Inc.’s cards across its global network, settling a feud that threatened to damage the financial giant’s business and disrupt e-commerce payments.
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Swipe Fees Need to Be Addressed, Say Merchants
The Merchants Payments Coalition (MPC) is asking U.S. officials to address credit card swipe fees once again following the announcement that Amazon has agreed to continue accepting Visa credit cards in the United Kingdom.
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The Amazon vs. Visa Standoff Is Over: Two Companies Come To An Agreement
Amazon and Visa have reached an agreement after a long-running dispute over huge credit card fees, so U.K. consumers who want to use Amazon can rest easy knowing there will not be a ban on Visa card payments.
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Visa, Amazon settle fee dispute
Amazon and Visa today officially ended their spat over the card company’s fees paid by U.K. credit consumers, a disagreement that had threatened to spill over to the U.S. and other markets.
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Decline of Cash Spotlights Swipe Fees
The shift away from cash is welcome news for card networks and banks. But it’s bad news for merchants and their customers, writes National Retail Federation Vice President Leon Buck.
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Merchants Association Cites Visa Study in Calling for Lower Fees
A new study by Visa shows the importance of bringing under control “swipe” fees charged to process credit and debit cards as consumers and small businesses move away from cash and the fees exacerbate record inflation in consumer prices, the Merchants Payments Coalition said this week.
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Merchants Call to Bring Swipe Fees Under Control as Card Use Increases
Sixty-four percent of small businesses surveyed expect to go cashless over the next decade, while 41% plan to not accept cash within the next two years, according to a new study by Visa. Eighteen percent of small businesses are already cashless. The Merchants Payments Coalition (MPC) says these findings by Visa show the importance of bringing swipe fees under control, as Americans move to more digital forms of currency.
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A Central Bank Digital Currency Could Improve Payments, Fed Says
The Federal Reserve has released a white paper on the potential creation of a central bank digital currency (CBDC), a welcome step according to the Merchants Payments Coalition (MPC).
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