Archive for the 'interchange fees' Category

Obama Donates to Credit Card Companies

From what I have read, Democratic Presidential Candidate Barack Obama likes to proclaim that he is free from the influence of big businesses.  But Obama is in debt to credit card companies for much of his fundraising success, and the cost of processing those credit card donations over the internet is surprisingly high.
In May, I [...]

Interchange Fees: Can Retailers be the Consumers Ally?

Retailers are currently lobbying Congress to decrease interchange fees - the money paid by the retailer to Visa / MasterCard to process the credit card transaction by the consumer. Their bill is known as the Credit Card Fair Fee Act. Consumers are also lobbying for credit card reform. Does it make sense for [...]