Canadian Customers Will Soon Have to Pay More to Use Certain Premium Credit Cards
Credit Card News / Credit Cards / RSM News

Canadian Customers Will Soon Have to Pay More to Use Certain Premium Credit Cards

Canadian customers will soon be subject to additional fees when paying for purchases with certain premium credit cards, now that Visa and MasterCard have entered into a settlement agreement stemming from a class action lawsuit that will see both companies make changes to their “No Surcharge Rule”. In 2011, Canadian merchants filed a lawsuit alleging … Continue reading »

Federal Government to Assess Credit Card Interchange Fees
Credit Card News / Credit Cards / Credit Cards 101 / Economic News / Lifestyle / Lifestyle News / Personal Finance / RSM News / Your Budget

Federal Government to Assess Credit Card Interchange Fees

Nearly two years after the government requested Visa and MasterCard lower their interchange fees, federal finance Minister Bill Morneau has announced that the government will step in to assess the situation. Continue reading »

Credit Card Interchange Fees: The Impact in Other Countries
Credit Card News / Credit Cards / Using Your Credit Card

Credit Card Interchange Fees: The Impact in Other Countries

Credit card interchange fee caps come into effect this month, meaning merchants will pay less to the banks to process every purchase made with plastic. It’s supposed to be a move that will benefit both consumers and business owners – but will it really? We look to examples set in other countries where fees have been capped. Continue reading »