Retail News

Credit card companies delay swipe fee hike

The Wall Street Journal 03/17/2021

Visa and Mastercard announced that they are postponing their plans to raise interchange fees on card transactions after coming under criticism from members of Congress. Plans to increase the fees reported in the press prompted Sen. Dick Durbin and Rep. Peter Welch to send a letter to the CEOs of the two companies calling on them to put off any changes in light of the impact that the pandemic has had on so many businesses.

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