The fight over swipe fees has reached Congress. The Credit Card Competition Act, a bipartisan bill spearheaded by Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., aims to boost competition ...

The basic idea behind double-dipping is to link your credit card purchases to as many rewards programs as possible so you can stack your cash back or points earnings. That way, in addition to the ...

Credit card companies work hard every day to make sure that your private information is kept safe. However, this doesn't stop criminals from thinking more outside the box to get their hands on ...

Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.

The fees merchants pay for accepting credit cards are much higher in the U.S. than in Europe. Ice cream shop owner Victor Garcia, for example, paid more than $25,000 in swipe fees last year.

When a customer pays a merchant using a credit card, the credit card company charges a “swipe fee.” The fee can range between 1.4% and 3.5% of the transaction’s cost, depending on the credit card ...

But technically, credit card swipe fees aren’t a tax paid to the government. Rather, the money is collected by the banks in concert with Visa and Mastercard, which control almost 80% of the U.S ...

New research from independent payments consulting firm CMSPI shows merchants will pay at least $18.6 billion in credit and debit card swipe fees this holiday season.

Chartered Accountant Nitin Kaushik explains how credit cards, when used wisely, can be a powerful financial tool rather than a debt trap. From leveraging grace periods to avoiding EMI pitfalls, he ...

Underlying the latter is the notion that credit and debit card companies are overcharging for swipe fees, and as such, government should step in to limit what they can charge.

The fight over swipe fees has reached Congress. The Credit Card Competition Act, a bipartisan bill spearheaded by Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., aims to boost competition ...