The settlement called for merchants to receive $7.2 billion in cash and temporary reductions in interchange fees. This settlement also gave merchants the legal right to add a “checkout fee” when you use a credit card to pay for purchases. These fees could start popping up as soon as Sunday.
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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The rising cost of travel-card rewards
MarketWatch
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Some retailers may impose a fee on credit card transactions beginning Jan. 27
Pittsburgh Post-Gazette
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Consumer Group Warns of Card Surcharges
Wall Street Journal
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