Category Archives: Credit Cards Industry

Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees

Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees The lawsuit alleges Visa and Mastercard bribed Apple to hamper competition, which drove up merchant fees. Cheyenne MacDonald   Sat, Dec 16, 2023 REUTERS / Reuters A proposed class action lawsuit has accused Apple of accepting a form of … Continue reading Apple, Visa and Mastercard sued in proposed class action antitrust case over Apple Pay card fees

American Express Looks To Expand Program With Seasonal Offers

American Express Looks To Expand Program With Seasonal Offers by Laurie Sullivan , Staff Writer @lauriesullivan, June 19, 2023 American Express continues to build out its Amex Offers program by providing a unique return on investment (ROI) for brands, as business partners have a better chance of their offer leading to a transaction, versus a click … Continue reading American Express Looks To Expand Program With Seasonal Offers

Credit card late fees are set to drop by 75% if the Biden administration gets its way

  By Clint Rainey February 01, 2023 President Biden has put exorbitant credit card late fees in his administration’s regulatory crosshairs. On Wednesday, the administration announced the proposal of a new rule to cap those fees at $8, potentially saving American families as much as $9 billion per year. It seeks to reform the practice … Continue reading Credit card late fees are set to drop by 75% if the Biden administration gets its way