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Merchant fees News

US Study concludes the poor subsidize rich credit card users

Boston - A study published by the Federal Reserve Bank of Boston is recommending that American businesses reduce merchant fees and card rewards to rectify an imbalance that has the poor subsidizing the credit card use of the rich.

In the Media by Stephanie Dearing - 15 comments

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Credit card fees targeted by competition tribunal

Credit card fees charged to merchants by companies such as Visa and MasterCard are the target of a federal competition tribunal hearing that begins in Ottawa today.

Credit card fees are unfair, tribunal hears

The fees that Canadian merchants are charged to process credit card transactions are the target of a federal Competition Bureau tribunal in Ottawa.

Russia Slams US Over 'Merchant of Death' Sentencing

The Russian government blasted the United States today for its "unjustified" decision to sentence Viktor Bout, the infamous international arms dealer called the "Merchant of Death" by some, to 25 years in prison and vowed to take the Russian national back to his home country.

Families hide wealth to avoid care fees

Families hiding their wealth to avoid care home fees

Watch: No More Hidden Airline Fees

Gabe Saglie explains the airline fee changes that took effect today.