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Financial Services Industry Merchants Interchange Fees

Alston & Bird

Merchant Plaintiffs Reach Settlement in Payment Card Interchange Fee and Merchant Discount Antitrust Litigation

Alston & Bird on

Our Financial Services Group summarizes the closely observed preliminary settlement agreement over the fees credit card companies and banks charge merchants....more

Latham & Watkins LLP

FRB Proposes to Lower Debit Card Interchange Fee

Latham & Watkins LLP on

A proposed rule would lower the maximum amount that large debit card issuers can charge merchants for each transaction. On October 25, 2023, the Board of Governors of the Federal Reserve System (FRB) published a proposal...more

Hogan Lovells

Card-acquiring services: PSR to work on increasing searching and switching of majority of merchants

Hogan Lovells on

Due to its concerns that card-acquiring services might not be offering value for money for merchants, the PSR decided to conduct a comprehensive review of the card-acquiring sector focussing on the impact of competition and...more

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