✉news WorldLaw & Courts first seen 1 d ago, last 23 h ago, peak #14
Retail Groups Welcome Court Ruling Striking Down Debit Fee Cap
Original: FMI, Merchants Welcome Court Ruling Striking Down Debit Swipe Fee Cap
A court has struck down the cap on debit card swipe fees, and the Food Marketing Institute along with merchant groups have welcomed the decision. The ruling removes a regulatory limit on the fees retailers pay banks when customers pay by debit card, a long-running point of contention between merchants and card issuers over the cost of accepting electronic payments.
Why now: The ruling changes payment costs for retailers and banks, a dispute merchants have pushed for years.
Food Marketing Institutedebit card swipe feesUS courts
Evidence
- FMI, Merchants Welcome Court Ruling Striking Down Debit Swipe Fee Cap · The Shelby Report
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