Retailers Processing Network Blog

More on the Visa-MasterCard settlement and how it affects you…

Retailers Processing Network - Friday, February 15, 2013

I wrote recently about the proposed settlement to the anti-trust class-action lawsuit against Visa and MasterCard that has received the courts’ tentative approval (“Credit card surcharges: the good, the bad and the ugly…”). The proposed settlement has received a lot of media attention due to the size – over $6 billion – and the fact it allows merchants to surcharge consumers right away for using a particular credit card.  .....read-more

Credit card surcharges: the good, the bad and the ugly…

Retailers Processing Network - Monday, January 28, 2013

As of Sunday, January 27, 2013, merchants can for the first time elect to pass along the cost of processing a credit card transaction to the cardholder in the form a surcharge on the purchase price. This is a result of a recent class-action lawsuit settlement involving the major card brands (Visa and MasterCard).  .....read-more


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