#interchange Tech News.
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The latest interchange news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks interchange across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
TechSilicon Canalsabout 2 hours ago
Banks collect swipe fees, not Visa or MastercardInterchange fees on U.S. credit card transactions flow mostly to issuing banks like Chase, Citi, Capital One, and Bank of America, not to Visa or Mastercard. The networks keep roughly 0.13 to 0.15 percent of the sale. Countries like Brazil with Pix and India with UPI have near-zero fee systems that bypass card networks entirely.
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