Local retailers get equal billing with national merchants like Walmart in a new merchant-funded rewards program developed by credit unions. As merchants seek alternatives to paying swipe fees ...

Credit cards are marketed as convenient tools for everyday spending, but the real story sits on the other side of the ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. Some businesses may fall into specific industry ...

Merchant accounts are essential if you want to run a business that accepts debit and credit card payments. Not doing so can impede on your ability to attract customers and grow your business. Luckily, ...

The Federal Reserve is preparing a proposal that would lower the fees merchants pay to many banks when consumers shop with debit cards. Today, merchants pay large card issuers 21 cents plus 0.05% of ...

The way it works in the credit card industry, the acquirer owns the POS terminal and rents it to the merchant, who places it in its physical premise. Ergo, even though the common man sees a "POS ...

If you’re running a small business and are sloppy with administrative processes, get ready to clean up your books. Buried deep in the Housing and Economic Recovery Act of 2008 (also known as “the ...

Many credit card issuers, including American Express, Bank of America, Chase and Citi®, provide cash-back offers that can be added to eligible credit cards. For instance, with Citi, these offers are ...

Merchants are increasingly levying surcharges on purchases made with credit cards to help offset processing fees, a new study from J.D. Power finds. Some 34% of merchants surveyed are adding ...

Credit cards feel simple on the surface, but behind every swipe is a business model designed to make money in several ...

It’s hard to give the Reserve Bank credit for resolving a problem of its own making. The no-surcharge prohibition should go ...