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Credit card imprinter. Manual card imprinter. A credit card imprinter, colloquially known as a ZipZap machine, click-clack machine or Knuckle Buster, is a manual device that was used by merchants to record credit card transactions before the advent of payment terminals. [ 1]
The payment card interchange fee and merchant discount antitrust litigation is a United States class-action lawsuit filed in 2005 by merchants and trade associations against Visa, Mastercard, and numerous financial institutions that issue payment cards. The suit was filed because of price fixing and other allegedly anti-competitive trade ...
Founded in 1961, NACS has thousands of member companies, primarily in the United States but also in about 50 other countries. NACS conducts market research, hosts conferences and trade shows, and conducts political and legal advocacy. NACS is particularly concerned with the regulation of motor fuels, high credit card swipe fees, and labor law.
Credit Card Competition Act would fix a broken payments market. Swipe fees are ultimately paid by consumers, totaling $1.8 billion in Tennessee last year. Nationwide, they have more than doubled ...
Aside from interchange or swipe fees, which Visa and Mastercard force retailers to pay to issuing banks, the two credit card giants charge network fees to merchants.
These questions are part of an increasingly heated debate about so-called swipe fees, the estimated $48 billion that merchants pay to banks and credit card companies for the use of those ...
In 1996, four million merchants sued Mastercard in federal court for making them accept debit cards if they wanted to accept credit cards and dramatically increasing credit card swipe fees. This case was settled with a multibillion-dollar payment in 2003. This was the largest antitrust award in history. [32]
Thanks to The Kansas City Star for an excellent overview of the credit card swipe fee legislation proposed by Kansas Sen. Roger Marshall. (Dec. 2, 1A, “Marshall wants businesses to pay less for ...