Legal
Justice Department Sues Visa for Debit Monopoly
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In September 2024, the US government brought a lawsuit against Visa. The Justice Department claims Visa unlawfully monopolizes the debit card market.
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Credit Card Processing
Is the Payment Card Settlement Legit?
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If you received a notice of a class action lawsuit claiming you may be affected by a payment card settlement, you’re probably wondering if it’s legitimate. It is, but there are some important things to know.
Credit Card Processing
Worldpay Potentially Grabbing Millions in Hidden Fees
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Several recent lawsuits have put the spotlight on a whole series of alleged schemes by processors to collect junk charges disguised as legitimate fees.
Credit Card Processing
Cash Discounting for Credit Card Fees: Is It Legal?
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Credit card processing companies are popping up left and right offering “cash discount” programs to eliminate your credit card processing fees. Are they legal and are they permitted in merchant agreements?
Credit Card Processing
American Express Anti-Steering Supreme Court Case
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You may have heard that a case involving American Express went to the Supreme Court. The case, Ohio v. American Express, determined whether businesses are allowed to suggest customers use lower cost credit cards when paying for purchases.
Credit Card Processing
Wells Fargo Merchant Services Lawsuit
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In the latest accusation against Wells Fargo, the company’s merchant services division is facing a lawsuit that alleges misleading sales tactics, expensive cancellation fees, and overbilling, including mislabeling some of its own fees as interchange.
Credit Card Processing
Avoiding Fraud: Takeaways from the Commerce Payment Systems Scandal
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According to the Department of Justice, two executives of a credit card processing company have been charged with fraud.
Credit Card Processing
Repeal the Durbin Amendment?
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The introduction of a bill to repeal the Durbin Amendment has added more fuel to the fiery debate between the nation’s largest banks and retailers. But at least for now, it’s not going anywhere.