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Chung Sung-Jun/Getty ImagesThe Star Wars credit card offers a meet-and-greet with Darth Vader as one of its perks.By Matt SchulzAs fans all over the world eagerly await the December release of ...
Chase Paymentech is an American payment service provider and merchant acquiring business that is part of JPMorgan Chase. Paymentech payment platforms supports businesses to process payments. In addition to its payment services the company provides associated business services such as analytics, payment fraud detection, and data security. [1]
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. [35]
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MCCs are assigned either by merchant type (e.g., one for hotels, one for office supply stores, etc.) or by merchant name (e.g., 3000 for United Airlines [1]) and is assigned to a merchant by a credit card company when the business first starts accepting that card as a form of payment. [2]
Lake's primary concerns lie with proposed rules for credit and debit card fees. CBS News 5 hours ago Kroger $24.6 billion purchase of Albertsons halted by federal judge.
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