merchant

The Federal Reserve on Thursday proposed a new rule that would dramatically cut the swipe fees that banks charge merchants when customers use debit cards. The move, which stems from a provision in the financial overhaul bill in July, could benefit stores. But banks say it could harm consumers.

Visa (V) and MasterCard (MA) are close to settling an antitrust case with the Justice Department over credit-card acceptance rules, The Wall Street Journal reported. The settlement could allow merchants to steer customers towards cheaper forms of payment, a setback for a credit card industry that...

The smartphone revolution is about to upend another business: credit card processing. With Google's new Android pay-by-phone app and Square's new transaction hardware for iPhones, your plastic could become obsolete.