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2. Payment card interchange fee and merchant discount antitrust ...

   en.wikipedia.org/wiki/Payment_Card_Interchange...

   The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...

3. Interchange fee - Wikipedia

   en.wikipedia.org/wiki/Interchange_fee

   Interchange fee is a term used in the payment card industry to describe a fee paid between banks for the acceptance of card-based transactions. Usually for sales/services transactions it is a fee that a merchant's bank (the "acquiring bank") pays a customer's bank (the "issuing bank"). In a credit card or debit card transaction, the card ...

4. Merchant account - Wikipedia

   en.wikipedia.org/wiki/Merchant_account

   The discount rate comprises a number of dues, fees, assessments, network charges and mark-ups merchants are required to pay for accepting credit and debit cards, the largest of which by far is the interchange fee. Each bank or ISO/MSP has real costs in addition to the wholesale interchange fees and creates profit by adding a mark-up to all the ...

5. Here's how the Fed's rate cut could impact your credit card ...

   www.aol.com/heres-fed-rate-cut-could-183516797.html

   If the issuer cut the rate by 0.5 percentage points, it would take 26 months to pay off the balance and cost $1,485 in interest. That would save a month of payments but also reduces the interest ...

6. Credit card scammers are excited for the next Fed rate cut ...

   www.aol.com/finance/credit-card-scammers-excited...

   1. Interest rate reduction. One of the biggest scams happening today is the interest rate reduction scam, Bruemmer says. In this one, a scammer gets in touch with you and promises to lower the ...

7. Should I close my credit card if I have a high interest rate?

   www.aol.com/finance/close-credit-card-high...

   What is a high interest rate for a credit card? Right now, the average credit card interest rate in the United States is around 20 percent. So take a look at your credit cards and compare your ...