Fees charged to merchants to process transactions rose 5.9% in one year. The 2025 swipe fee total was up 5.9% from $187.2 billion in 2024, according to the Nilson Report trade publication. This was ...

The risk of credit card fraud doesn’t end when or where you swipe your card. Any business that stores your credit card number could experience a data breach in which a hacker attains access to your ...

Spotlight PA is an independent, nonpartisan, and nonprofit newsroom producing investigative and public-service journalism that holds power to account and drives positive change in Pennsylvania. Sign ...

Many small businesses are breathing a bit easier as inflation has cooled and the race for workers slows. But consumers’ steady embrace of credit cards is taking a growing bite out of their margins.

As Congress heads into its lame-duck session, more than 1,800 merchants from across the country called on lawmakers this week to pass legislation that would bring long-sought competition to ...

As owner of a family of small local gift shops, credit card “swipe” fees are my third-highest cost, coming only after payroll and rent. In 2022, I paid a staggering $75,000 in swipe fees. I paid ...

More than 60% of all purchases last year were made with a credit or debit card, according to the Federal Reserve. That’s up from 45% in 2016. That means big money for credit card companies, which made ...