Card Fees Industry News

In an ever-changing landscape, keep ahead of the curve with insights and industry news from Optimized Payments.

Latest News from Card Fees

Breaking News: Visa/MC Enter Into Major Interchange Settlement, Reducing Fees

On March 25, 2024, Visa & Mastercard announced an interchange settlement with merchants; resolving litigation that dates back nearly 20 years.  The original 2005 lawsuit contended that Visa & Mastercard, together with certain banks, violated antitrust laws and...

Credit Card Surcharging Overview & Updates

As part of the settlement between the card networks (Visa and MasterCard) and merchants, the card networks are allowing merchants in the U.S. to impose a "surcharge" for using a credit card.  This rule went into effect on January 27, 2013.  Most large retailers have...

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