The Federal Reserve Board on Thursday said it would leave its debit card interchange cap for large issuers unchanged despite finding that some of their important expenses either declined last year or had changed little from levels found by an earlier survey. A major retailer trade group said the findings …

Merchants that elected not to take a share of the $5.7 billion settlement to resolve a massive credit card interchange case against Visa Inc., MasterCard Inc. and some banks will be given a chance to opt back into a share of the damages under a plan being crafted by lawyers. …

Two retailer organizations dissatisfied with a $5.7 billion settlement of a class-action antitrust case alleging unfair credit card interchange rates have filed the next step in their appeal of the settlement. The National Retail Federation and the Retail Industry Leaders Association said Monday they filed a joint brief with the …

They’ve met in court before, and it looks like they’re going to meet again: Wal-Mart Stores Inc., the No. 1 retailer, against Visa Inc., the No. 1 payment card network. As usual, the subject is interchange and payment card acceptance rules. Bentonville, Ark.-based Wal-Mart is suing Visa for alleged violations …

Capping years of complex litigation, a federal court on Friday approved a controversial multibillion-dollar settlement of a class-action antitrust case challenging credit card interchange rates. With his imprimatur, Judge John Gleeson of the U.S. District Court for the Eastern District of New York has brought apparent—but only apparent—finality to a …

Europay-MasterCard-Visa (EMV) chip cards will come to the U.S., but probably not before the payment card networks postpone current deadlines and offer strong incentives for merchants that might include interchange relief and dumping the signature as a cardholder- verification method, according to a new research report from Celent LLC. Card …

With debit card interchange rates already regulated, a majority of respondents to a Digital Transactions News poll consider caps on credit card interchange within five years as very likely. n Though no such legislation is under review at this time, the response suggests few would be surprised should it appear. …

  Eight years from their genesis, the lawsuits challenging bank card interchange now collectively known as MDL 1720 are scheduled to reach a milestone Thursday when U.S. District Judge John Gleeson convenes a so-called fairness hearing in his Brooklyn, N.Y., courtroom. The hearing’s purpose is for Gleeson to determine whether …

Findings from an overlooked Federal Reserve Board report from last March portend that the possible cuts in debit card interchange as a result of a major court decision last month could be even bigger than many observers initially thought. In the report, the Fed said that authorization, clearing, and settlement …

A judge in Washington, D.C., on Wednesday gave the Federal Reserve Board a week to indicate its position about a possible interim rule for implementing the Durbin Amendment, the part of 2010’s Dodd-Frank Act that regulates debit cards, after ruling late last month that the Fed’s current regulations do not …