Illinois legislators voted to delay for one year a ban on certain credit card fees that was set to take effect July 1 amid a legal challenge by banks. A measure passed by legislators and signed into ...

Gift Article 10 Remaining As a subscriber, you have 10 articles to gift each month. Gifting allows recipients to access the article for free. Retailers notched a rare victory this week in their battle ...

(The Center Square) – A retail business advocate says a federal judge’s ruling to uphold the Interchange Fee Prohibition Act paves the way for Main Street Illinois to experience major relief, but a ...

SPRINGFIELD, Ill. (WAND) — An Illinois law banning swipe fees was set to take effect July 1. Yet, lawmakers decided to pass a bill in the final hours of session to delay implementation of the ...

A judge denied the banking lobby’s attempts to stop implementation of an Illinois law that exempts state and local taxes and tips from so-called swipe fees charged by credit card processors. The ...

2024 law’s implementation already delayed until 2026; court arguments heard this week A law that would make Illinois the first jurisdiction in the world to ban financial institutions from charging ...

Credit card processing allows businesses to accept debit and credit card transactions, boosting sales and customer satisfaction in the process. Here’s how it works.