article thumbnail

Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

history, according to Reuters , and if it receives court approval it would resolve most of the ongoing claims against Visa and Mastercard, which began in 2005. Swipe fees typically include small, fixed fees plus a percentage of the total sale amounts and average about 1.5% The antitrust settlement is one of the largest in U.S.

article thumbnail

Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

in August 2022, the fastest pace recorded since 2005, the worry for many people is that with their finances already stretched, costs will continue to climb higher and access to traditional, rigid forms of credit will become more difficult. With UK borrowing on credit cards growing at an annual rate of 12.9%

Finance 234
article thumbnail

Beyond Yoga Stresses Relaxed Comfort for Brick-and-Mortar Debut’s Design

Retail TouchPoints

Beyond Yoga has opened its first brick-and-mortar store in Los Angeles, where the retailer’s story began in 2005. Thinking about the point of sale, it was also really important that you didn’t have to go to certain places to stand in line for checkout,” said Hart. One year after its acquisition by Levi Strauss & Co.

Checkout 147