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Visa and Mastercard have agreed to cap credit card fees in major settlement: U.S. merchants are expected to save at least $29.8 billion in the five-year deal.
axios.com/2024/03/26/visa-mastercard-credit-card-fee-settlement
Visa and Mastercard have agreed to cap credit card fees in major ...
Quick Glance: Settlement between Visa and MasterCard and merchants on antitrust dispute over fees
  • Visa and Mastercard announced a settlement with U.S. merchants related to swipe fees, potentially saving consumers billions of dollars.

  • Swipe fees are paid to credit card companies like Visa and Mastercard in exchange for facilitating transactions, with merchants passing those fees on to consumers.

  • As per the settlement, Visa and Mastercard will cap credit interchange fees until 2030 and must negotiate fees with merchant groups.

  • The settlement stems from a 2005 lawsuit alleging that merchants paid excessive fees to accept Visa and Mastercard credit cards, citing antitrust violations by Visa, Mastercard, and their member banks.
Profile picture of The Hill (newspaper)
Youngkin vetoes Virginia assault weapons ban, signs 2 gun control measures: Virginia Gov. Glenn Youngkin (R) vetoed an assault weapons ban that passed the state ...
thehill.com/homenews/state-watch/4560487-youngkin-vetoes-virginia-assault-weapons-ban-signs-two-gun-control-measures/
Youngkin vetoes Virginia assault weapons ban, signs 2 gun control measures
Quick Glance: Youngkin signs 2 gun control measures in Virginia
  • Virginia Governor Glenn Youngkin vetoed an assault weapons ban passed by the state Legislature and instead signed two more limited gun regulations into law.

  • Youngkin signed laws banning gun trigger switches that can make firearms fire automatically and allowing criminal charges against parents who allow children access to weapons deemed threats.

  • While praised by gun control activists, they urge him to do more, emphasizing that the work does not stop here.

  • The signing of the two gun control bills by Youngkin is seen as a step in the right direction, showing that America's gun violence crisis does not have to be accepted as inevitable.
Profile picture of GulfNews
Visa, Mastercard caps card swipe fees: How this builds personal savings: Fees to decline over five years, savings to be passed to shoppers via lower prices
gulfnews.com/your-money/saving-investment/visa-mastercard-caps-card-swipe-fees-how-this-builds-personal-savings-1.1711553781444
Visa, Mastercard caps card swipe fees: How this builds personal savings
Profile picture of Slate Magazine
Credit Cards Are About to See a Huge Merger. It’s a Disaster.: The media has been touting the same claim as the banks about how good this is. The problem is ...
slate.com/business/2024/03/capital-one-discover-merger-bad-for-consumers.html
Credit Cards Are About to See a Huge Merger. It’s a Disaster.
Profile picture of Insider (news website)
Credit-card reward programs impacted by new agreement: A cap on interchange fees might mean a shift in how consumers earn points on transactions.
businessinsider.com/visa-mastercard-merchants-agreement-impacts-credit-cards-reward-programs-2024-3
Credit-card reward programs impacted by new agreement
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Remote workers who switch to in-office jobs are boosting their pay by as much as 30%, says new research
cnbc.com/2024/03/27/remote-workers-get-up-to-30percent-pay-increase-for-switching-to-in-office-jobs-says-new-research.html
Remote workers who switch to in-office jobs are boosting their pay by as ...
Profile picture of The Wall Street Journal
Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit: The card networks would cap credit-card interchange fees for five years as part of a ...
wsj.com/finance/banking/visa-mastercard-agree-to-lower-swipe-fees-settling-long-running-lawsuit-d6e5f0a8
Visa, Mastercard Agree to Lower Swipe Fees, Settling Long-Running Lawsuit
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Foreign bank cards can now be used to pay taxes: Taxpayers can now use foreign-issued bank cards to pay their taxes online, the Independent Authority for Public ...
ekathimerini.com/news/1234656/foreign-bank-cards-can-now-be-used-to-pay-taxes/
Foreign bank cards can now be used to pay taxes
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AI, networking and career growth: What to learn at Payments Forum 2024: The payments industry is evolving, driven by innovative technologies and a new class of ...
americanbanker.com/list/ai-networking-and-career-growth-payments-forum-2024-preview
AI, networking and career growth: What to learn at Payments Forum 2024
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Harry in ‘world of trouble’ amid Visa scandal: Prince Harry may be in a “world of trouble” after reports suggest he may have lied about his past drug use on his ...
news.com.au/entertainment/celebrity-life/royals/prince-harry-may-be-in-a-world-of-trouble-amid-us-visa-application-scandal/news-story/057408794810f3ea8a647a9882af513e
Harry in ‘world of trouble’ amid Visa scandal
Profile picture of American Banker
Mastercard, Dwolla using open banking to pursue separate markets: In unrelated initiatives, the two companies are extending their use of open banking to create ...
americanbanker.com/payments/news/mastercard-dwolla-using-open-banking-to-pursue-separate-markets
Mastercard, Dwolla using open banking to pursue separate markets
Profile picture of The Hill (newspaper)
Harris to announce gun control measures on visit to Parkland, Fla.: Vice President Harris will make two announcements on gun violence prevention efforts Saturday ...
thehill.com/homenews/administration/4550438-harris-to-announce-gun-control-measures-on-visit-to-parkland-fla/
Harris to announce gun control measures on visit to Parkland, Fla.
Profile picture of The Hill (newspaper)
Chicago sues Glock over sale of pistols that can easily be modified into ‘machine guns’
thehill.com/regulation/court-battles/4544144-chicago-glock-pistols-machine-guns-lawsuit/
Chicago sues Glock over sale of pistols that can easily be modified into ...
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Colorado bill to ban purchase, sale of assault weapons passes first vote: Democratic legislators are supporting a bill to ban assault weapons in Colorado ...
denverpost.com/2024/03/19/colorado-assault-weapons-ban-legislature/
Colorado bill to ban purchase, sale of assault weapons passes first vote
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Harris plans to visit the Parkland school where 14 kids were killed in 2018: Vice President Harris will walk through Marjory Stoneman Douglas High School in ...
npr.org/2024/03/11/1237215884/harris-will-visit-parkland-school
Harris plans to visit the Parkland school where 14 kids were killed in ...
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Bilt Rent Day Promotion April 2024: All About Fitness: Here's how the valuable Bilt Rent Day promotion works, and the details of the offer for April 2024 ...
onemileatatime.com/guides/bilt-rent-day-promotion/
Bilt Rent Day Promotion April 2024: All About Fitness
Profile picture of Insider (news website)
How Visa and Mastercard's $30 billion settlement may impact consumers: Merchants can soon negotiate credit card transaction fees. These swipe fees fund credit ...
businessinsider.com/personal-finance/visa-mastercard-swipe-fees-premium-credit-cards-2024-3
How Visa and Mastercard's $30 billion settlement may impact consumers
Profile picture of Irish Examiner
Europe’s family-run businesses at odds over digital future: SMEs as a collective account for 99% of all European enterprises, with the majority family-run ...
irishexaminer.com/business/technology/arid-41359039.html
Europe’s family-run businesses at odds over digital future
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Pa. House passes bill requiring serial numbers on ‘ghost guns’ : The measure, which prohibits the transfer of unserialized firearm parts, faces long odds in the ...
pennlive.com/news/2024/03/pa-house-passes-bill-requiring-serial-numbers-on-ghost-guns.html
Pa. House passes bill requiring serial numbers on ‘ghost guns’
Profile picture of Fast Company
What Visa and Mastercard’s big $30 billion settlement means for you: The lawsuit deals mostly with the merchant side of things, so will consumers see any ...
f-st.co/W9jCuA0
What Visa and Mastercard’s big $30 billion settlement means for you
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Traunstein and Straubing as pilot municipalities: Bavaria is testing payment cards for asylum benefits
mittelbayerische.de/nachrichten/bayern/traunstein-und-straubing-als-pilot-kommunen-bayern-testet-bezahlkarten-fuer-asyl-leistungen-15698887
Traunstein and Straubing as pilot municipalities: Bavaria is testing ...
Profile picture of The Hill (newspaper)
Supreme Court mulls NRA’s free speech fight against NY regulator: The Supreme Court weighed the National Rifle Association’s (NRA) free speech case against a ...
thehill.com/regulation/court-battles/4539669-supreme-court-nra-free-speech-fight-ny-regulator/
Supreme Court mulls NRA’s free speech fight against NY regulator
Profile picture of The Punch
Lagos to partner MasterCard on technology: The Lagos State Governor, Mr Babajide Sanwo-Olu, has stated his resolve to collaborate with Mastercard to promote ...
punchng.com/lagos-to-partner-mastercard-on-technology/
Lagos to partner MasterCard on technology
Profile picture of Chicago Tribune
Editorial: Mayor Johnson, you’re right to sue Glock: Chicago mayors have long fought the good fight when it comes to trying to get guns off our city's ...
chicagotribune.com/2024/03/21/brandon-johnson-glock-guns-lawsuit-chicago/
Editorial: Mayor Johnson, you’re right to sue Glock
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Biofire’s new ‘smart gun’ aims to prevent kids from shooting their parents’ weapons
nbcnews.com/news/us-news/biofire-smart-gun-biometric-safety-rcna143637
Biofire’s new ‘smart gun’ aims to prevent kids from shooting their ...
Profile picture of San Francisco Chronicle
S.F. supervisor wants board to focus on city issues: S.F. supervisor Joel Engardio wants board to focus on city issues in wake of Israel-Hamas resolution
sfchronicle.com/sf/article/sf-supervisors-israel-hamas-resolution-19257192.php
S.F. supervisor wants board to focus on city issues
Profile picture of One Mile at a Time
How To Redeem Bilt Rewards Points For Best Value: There are lots of ways to redeem Bilt rewards points. Here are all your options, and how you can get the most ...
onemileatatime.com/guides/bilt-rewards-points/
How To Redeem Bilt Rewards Points For Best Value
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Joe Biden’s State of the Union might change some voters’ minds, but he’s no Abe Lincoln | Opinion
star-telegram.com/opinion/article286414740.html
Joe Biden’s State of the Union might change some voters’ minds ...
Quick Glance: Biden Acknowledges Laken Riley by Marjorie Taylor Greene's Request
  • President Biden mentioned 'Laken Riley' under Republican pressure.

  • However, mispronunciation led to dissatisfaction and criticism.

  • Riley's death used by Republicans as critique of Biden's border policies.

  • Biden urged for stronger border security and updated immigration laws.
Profile picture of CoinMarketCap
MetaMask Partners With Mastercard To Trial On-chain Payments Card: MetaMask, the leading Ethereum wallet, is reportedly testing a novel cryptocurrency payment ...
coinmarketcap.com/alexandria/article/metamask-partners-with-mastercard-to-trial-on-chain-payments-card
MetaMask Partners With Mastercard To Trial On-chain Payments Card
Profile picture of The Salt Lake Tribune
A former Utah governor takes a top job with a credit-card company: Former Utah Gov. Jon Huntsman Jr. has a new job: vice chairman and president of strategic ...
sltrib.com/news/business/2024/03/12/former-utah-governor-takes-top-job/
A former Utah governor takes a top job with a credit-card company
Profile picture of Star Tribune
Minnesota now alleging Fleet Farm violated state gun control act when it sold firearms to straw buyers
startribune.com/minnesota-now-alleging-fleet-farm-violated-state-gun-control-act-when-it-sold-firearms-to-straw-buyers/600350075/
Minnesota now alleging Fleet Farm violated state gun control act when it ...
Quick Glance: Lawsuit Against Fleet Farm for Violating Gun Control Act in Minnesota
  • Minnesota's Attorney General Keith Ellison has updated the lawsuit against Fleet Farm by alleging that the retailer breached the state's gun control law through repeated sales of firearms to individuals acting as "straw purchasers" who then supplied these weapons to prohibited felons.

  • Recently, U.S. Magistrate Judge John Docherty permitted the state to amend its initial 2022 lawsuit to include the new accusation following a clarification by Minnesota's Supreme Court regarding Ellison's investigative and enforcement authority.

  • Minnesota is currently pursuing civil penalties for each infringement of the gun control act and the state's law against public nuisance.

  • Fleet Farm's legal representatives have contested the modifications, contending that Ellison lacks the authority to civilly enforce a criminal penalty that does not pertain to consumer protection.
Profile picture of WWD
Emerging Tech Advancements Are Paving the Way in the Retail Industry : Tech trends for 2024 impacting retail include AI-powered assistants, mixed reality ...
wwd.com/business-news/business-features/tech-trends-2024-fashion-retail-1236253129/
Emerging Tech Advancements Are Paving the Way in the Retail Industry 
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Jury finds NRA executives liable in gun group corruption case: Top executives for the gun rights nonprofit were accused of using millions in NRA donations for ...
npr.org/2024/02/23/1232229060/nra-wayne-lapierre-corruption-trial-verdict-new-york
Jury finds NRA executives liable in gun group corruption case
Quick Glance: Jury finds NRA and Wayne LaPierre liable in civil corruption trial
  • Wayne LaPierre diverted millions of dollars from the National Rifle Association to live luxuriously, while the gun rights group failed to properly manage its finances.

  • The jury ruled that the National Rifle Association failed to properly run its nonprofit and its assets between March 20, 2014, and May 2, 2022.

  • Jurors found that LaPierre and other executives violated their statutory obligations, causing monetary harm to the NRA.

  • State Supreme Court Judge Joel Cohen will make decisions on monetary damages and potential oversight of the NRA's finances.
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Visa, Western Union Expand Partnership to More Than 40 Countries: Visa Inc. and Western Union Co. are expanding their cross-border money-movement partnership ...
bloomberg.com/news/articles/2024-03-05/visa-western-union-expand-partnership-to-more-than-40-countries
Visa, Western Union Expand Partnership to More Than 40 Countries
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Where are real-time payments taking off fastest? It's not the U.S. : Brazil's Pix network, at just three years old, now accounts for 15% of all global real-time ...
americanbanker.com/payments/news/where-are-real-time-payments-taking-off-fastest-its-not-the-u-s
Where are real-time payments taking off fastest? It's not the U.S.
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Capital One and Discover merger ‘dangerous’, consumer groups tell Fed: Coalition of advocacy groups warn that deal would ‘further concentrate risk’ in the ...
theguardian.com/business/2024/mar/06/capital-one-discover-merger-dangerous-consumer-groups-tell-fed
Capital One and Discover merger ‘dangerous’, consumer groups tell Fed
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What Consumers Need to Know About the Capital One-Discover Deal: The acquisition, which would give Capital One access to Discover’s payments network ...
on.wsj.com/49GP2Xp
What Consumers Need to Know About the Capital One-Discover Deal
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Shots Fired (and Keep Firing): Gun Violence Epidemic in the United States: The normalization of gun violence has already created a generation of youth who does ...
commondreams.org/opinion/gun-violence-in-the-us
Shots Fired (and Keep Firing): Gun Violence Epidemic in the United States
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Power Rankings: Arnold Palmer Invitational presented by Mastercard - PGA TOUR: Arnold Palmer possessed the talent and competitive streak to capture 62 victories ...
pgatour.com/article/news/power-rankings/2024/03/04/power-rankings-arnold-palmer-invitational-bay-hill-rory-mcilroy-scottie-scheffler
Power Rankings: Arnold Palmer Invitational presented by Mastercard - PGA ...
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Supreme Court seems torn over bump stock ban: In 2018, the federal government banned bump stocks for that reason, but gun enthusiasts have challenged the ...
npr.org/2024/02/28/1234624487/supreme-court-seems-torn-over-bump-stock-ban
Supreme Court seems torn over bump stock ban
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How Capital One’s $35 Million Discover Merger Could Affect Consumers: Critics are wary of the size of the deal, but some analysts say it could create a stronger ...
trib.al/fEvZlPL
How Capital One’s $35 Million Discover Merger Could Affect Consumers
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Capital One’s Discover Deal Should Aid Competition: Regulators need to reject knee-jerk opposition to the deal and focus on the data.
bloomberg.com/opinion/articles/2024-02-27/capital-one-s-discover-deal-should-aid-competition
Capital One’s Discover Deal Should Aid Competition
Quick Glance: Democrats Call for Halt to Capital One-Discover Deal
  • Thirteen top Democrats in Congress called on the Biden administration to reject the merger between Capital One and Discover, citing concerns over reduced customer choice and high fees.

  • The proposed merger would create the largest credit card lender in the U.S. by combining Capital One's banking and card businesses with Discover's assets.

  • Under the strong leadership of Sen. Elizabeth Warren (D-Mass.), Democrats also urged a reevaluation of the government's lenient approach to bank mergers to curb consolidation in the financial industry.

  • The pressure on Capital One and Discover to gain approval from federal regulators highlights the political challenge they face, with Democrats pushing for the merger to be blocked and future harmful deals to be prevented.
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Opinion | Progressives Against Credit-Card Competition: A Capital One tie with Discover Financial would help retailers by offering an alternative to Visa ...
on.wsj.com/3wsivpN
Opinion | Progressives Against Credit-Card Competition
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Gun rights group appeals Illinois assault weapon ban to Supreme Court: The National Association for Gun Rights (NAGR) asked the Supreme Court on Monday to review ...
thehill.com/regulation/court-battles/4463617-gun-rights-group-appeals-illinois-assault-weapon-ban-to-supreme-court/
Gun rights group appeals Illinois assault weapon ban to Supreme Court
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Private jets, trips to the Bahamas. NYC trial scrutinizing lavish NRA spending under Wayne LaPierre nears close
pbs.org/newshour/nation/private-jets-trips-to-the-bahamas-nyc-trial-scrutinizing-lavish-nra-spending-under-wayne-lapierre-nears-close
Private jets, trips to the Bahamas. NYC trial scrutinizing lavish NRA ...
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Florida Democrat says Kansas City shooting ‘horrific,’ but especially so on sixth anniversary of Parkland
thehill.com/homenews/house/4469118-florida-democrat-says-kansas-city-shooting-horrific-but-especially-on-parkland-anniversary/
Florida Democrat says Kansas City shooting ‘horrific,’ but especially so ...
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A Kansas City crowd acted in a way gun debaters never have: Collectively: Shuttering public gatherings is exactly the wrong response to Chiefs parade shooting.
washingtonpost.com/sports/2024/02/16/chiefs-parade-gun-control-debate/
A Kansas City crowd acted in a way gun debaters never have: Collectively
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Visa, Mastercard, AmEx make controversial move to track customers: The debate centers around people who purchase a contentious product.
miamiherald.com/news/business/article285405227.html
Visa, Mastercard, AmEx make controversial move to track customers
Profile picture of Mint (newspaper)
Visa, MasterCard or RuPay? Soon, you'll get to choose your network | Mint: The regulator said it has found that some arrangements existing between card networks ...
livemint.com/industry/banking/rbi-bars-exclusive-tie-ups-between-card-issuers-and-card-networks-11709699503450.html
Visa, MasterCard or RuPay? Soon, you'll get to choose your network | Mint
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Fast Bank has received Mastercard membership license: YEREVAN, FEBRUARY 15, ARMENPRESS. Fast Bank received a license to issue and service Mastercard system cards ...
armenpress.am/arm/news/1130346.html
Fast Bank has received Mastercard membership license
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‘Cheap shots’: Democrats go into damage control for embattled Biden: Democrats, including Vice President Kamala Harris, have rallied behind the president amid ...
smh.com.au/world/north-america/cheap-shots-democrats-go-into-damage-control-for-embattled-biden-20240210-p5f3v8.html
‘Cheap shots’: Democrats go into damage control for embattled Biden
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McConnell to Exit GOP Leadership, Leaving Behind Legacy of Obstruction, Far-Right Judicial Takeover
democracynow.org/2024/2/29/headlines/mcconnell_to_exit_gop_leadership_leaving_behind_legacy_of_obstruction_far_right_judicial_takeover
McConnell to Exit GOP Leadership, Leaving Behind Legacy of Obstruction ...
Quick Glance: Sen. McConnell Stepping Down as Republican Leader in November
  • Mitch McConnell, the longest-serving Senate leader in history, will step down from that position in November.

  • McConnell, who turned 82 last week, was set to announce his decision in the Senate.

  • His choice signifies a significant shift in ideology within the Republican Party.

  • McConnell cited the recent passing of his wife's youngest sister as a moment of reflection.
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East German women are better businesswomen: On International Women's Day, the payment provider Sumup took a closer look at the sales growth of small business ...
saechsische.de/wirtschaft/ostdeutschen-frauen-sind-die-besseren-geschaeftsfrauen-5974778.html
East German women are better businesswomen
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Isn’t it dangerous to allow civilians to own semi-automatic rifles?: Gun-control policy advocate and former lawmaker Carlos Isagani Zarate says the new policy is ...
rappler.com/newsbreak/iq/is-it-not-dangerous-allow-civilians-own-semi-automatic-rifles/
Isn’t it dangerous to allow civilians to own semi-automatic rifles?
Profile picture of The Local
How can Switzerland's obsession with guns be explained?: Switzerland has the second-highest gun-ownership rate among developed countries outside the United ...
thelocal.ch/20200128/europes-gun-capital-has-a-murder-rate-of-almost-zero-understanding-swiss-gun-culture
How can Switzerland's obsession with guns be explained?
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These six young people died by gun violence. Now their AI-generated voices are sending gun control pleas to lawmakers
cnn.com/2024/02/19/us/ai-generated-voices-victims-gun-control-cec/
These six young people died by gun violence. Now their AI-generated voices ...
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Czech parliament toughens gun laws after December mass shooting: New legislation will increase the frequency of medical checks for gun owners and require ...
euronews.com/2024/03/07/czech-parliament-toughens-gun-laws-after-december-mass-shooting
Czech parliament toughens gun laws after December mass shooting
Profile picture of GulfNews
Mastercard, First Abu Dhabi Bank ink exclusive global partnership: The partners are set to work together across four markets in the region
gulfnews.com/business/banking/mastercard-first-abu-dhabi-bank-ink-exclusive-global-partnership-1.1709803350513
Mastercard, First Abu Dhabi Bank ink exclusive global partnership