Consumers are about to pay the price for Illinois’ swipe fee law. The state’s controversial Interchange Fee Prohibition Act ...

"Credit cards may not work for sales tax or tips starting July 1." By now, you've heard that claim, but whether it's true depends on who you ask. The ads — funded by the Electronic Payments Coalition ...

He has more than 12 years of storytelling, editing, and design experience in print and online journalism and is most ...

Illinois consumers may see fewer rewards and benefits, higher banking fees and tighter credit access if the interchange fee ...

Illinois has become the first state to adopt legislation banning interchange fees on the tax amount and gratuity (tip) amount of a credit or debit payment transaction. The Illinois Interchange Fee ...

If a rushed provision contained within the Illinois General Assembly’s revenue bill actually comes to implementation, Illinoisans might find themselves paying at the pump with their credit card and ...

Merchants’ disdain for interchange is well documented, but one aspect of card-acceptance costs that gets drowned out by the outcry over interchange is that rising processing fees are hitting merchants ...

I often encounter three misconceptions about interchange fees. They may seem trivial, but they are truly fundamental to understanding the payment market, which will help you discuss fees more ...

As we previously blogged, the Board of Governors of the Federal Reserve (the “Board”) held an open meeting on October 25, 2023 to discuss the debit card interchange fee cap. The debit card interchange ...

Forbes contributors publish independent expert analyses and insights. I cover the intersection of state & federal policy and politics. Aug 18, 2025, 11:02am EDT Aug 18, 2025, 02:06pm EDT JP Morgan ...

Robert Day is the MP at weAudit.com and the author of The Great American Heist: How Credit Card Processors Steal Businesses' Profits. Some credit card processors employ a deceptive tactic known as ...

Merchants are right to dispute what they pay for card transactions. Technology has an answer—if the networks will listen. Interchange is the foundation of branded-payments theory: Remove friction at ...