• Behind the $90 Billion Brawl Over Credit Card Swipes

    9 monthes ago - By Washington Post

    Every time a credit or debit card is swiped or a website's “buy” button clicked, a series of events moves money from consumer to merchant. The process costs retailers almost $90 billion in fees each year - and banks, payment networks and payment processors (such as First Data Corp. and Worldpay Inc.) fight intensely for a share of that. Now startups and other companies are seeking to siphon a portion of these fees, while retailers are coming up with ever
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