SEE NEW SITE - Welcome to WayTooHigh.com: The Credit Card Interchange Report. This site features the most comprehensive international breaking news, daily updates and commentaries on the history of merchant interchange fees.
The goal in representing millions of merchants and cardholders is to reform an antiquated, costly and unfair payment system and explain why the nearly $40 billion annual merchant interchange fee is a hidden tax on consumers and retailers.
NEW YORK (Reuters) - Credit-card and payment processor First Data Corp. has agreed to be acquired by private equity firm Kohlberg Kravis Roberts & Co. for about $29 billion cash, but plans to actively seek other bids...
