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Supreme Court Allows Merchants To Challenge Debit-Card Swipe Fees Beyond Six-Year Statute
Monday, July 1, 2024 - 12:18pm | 487The U.S. Supreme Court on Monday ruled that merchants may challenge debt-card swipe fees outside a six-year statute, sending a shock to the power of federal agencies. The justices voted 6-3 on their ruling, determining that a North Dakota convenience store and truck stop may sue over a 2011 rule on...
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MasterCard and Visa to Open Near 52-Week Highs
Friday, July 8, 2011 - 8:41am | 475MasterCard (NYSE: MA) and Visa (NYSE: V) reached new 52-week highs of $322.27 and $90.83 per share, respectively, in Thursday's trading session. MasterCard surged from $279 to $309 per share at the end of June, following the Federal Reserve's decision to place a higher-than-proposed cap on debit-...