Visa, Mastercard profit as swipe fees surge since COVID
Swipe fees have risen astronomically since the COVID pandemic, with many merchants passing the added costs on to customers.
Both Visa and Mastercard have recently reported huge earnings.
Related
More in Allentown
allentown / lehighvalleylive
Trump Returns to Priority After Democratic Midterm Sweep
President Donald Trump returned to discussing one of his presidential priorities a day after Democrats swept both chambers of Congress in the midterm elections. He partly attributed Republican...
Published Nov 4, 2026, 1:40 PM EST
allentown / lehighvalleylive
Subway aims for 10,000 restaurants in Europe, Middle East and Africa by 2031
Subway announced Wednesday it will expand its footprint to 10,000 restaurants across Europe, the Middle East and Africa by 2031. The chain has signed six new franchise agreements...
Published Nov 4, 2026, 1:35 PM EST
allentown / lehighvalleylive
Ohio father arrested in death of 10-year-old daughter with special needs
An Ohio man was indicted on manslaughter and child endangerment charges a year after his 10-year-old daughter — who had cerebral palsy and epilepsy — was found dead...
Published Nov 4, 2026, 1:31 PM EST
allentown / lehighvalleylive
Helicopter crashes into water near Key Biscayne; 1 believed dead, 2 injured
A small helicopter crashed into the water near Key Biscayne, an island off Miami, late Wednesday morning. CBS12 reported the crash shortly after 11:50 a.m., saying one person...
Published Nov 4, 2026, 1:27 PM EST
allentown / lehighvalleylive
Robby Krieger mourns wife Lynn Ann Veres after 53 years of marriage
The Doors guitarist Robby Krieger is mourning the death of his wife, Lynn Ann Veres. The couple had been married for 53 years, and Krieger said he "will...
Published Nov 4, 2026, 1:25 PM EST
allentown / lehighvalleylive
Laura Loomer Blames Christian Nationalists for GOP Midterm Losses
MAGA influencer and Trump ally Laura Loomer criticized Christian nationalists following Republicans’ heavy losses in the midterm elections. Loomer, who is Jewish, said the movement’s ideology alienated voters...
Published Nov 4, 2026, 1:20 PM EST
allentown / lehighvalleylive
Two Texas Lutheran football players killed in car crash
Texas Lutheran University announced that two college football players died in a car crash earlier this week. The university said it is "heartbroken over the loss."
Published Nov 4, 2026, 1:17 PM EST
allentown / lehighvalleylive
Target’s $5 Good & Gather appetizers and sides to spice up Thanksgiving
Target’s Good & Gather brand has introduced new appetizers and side dishes aimed at Thanksgiving entertaining. The items normally cost $5.99 each but will be reduced to $5...
Published Nov 4, 2026, 1:16 PM EST
allentown / lehighvalleylive
$165 Riedhoff backpack leaf blower at Walmart makes fall yard cleanup easier
As leaves pile up this fall, the Riedhoff backpack leaf blower available at Walmart offers a faster alternative to raking. Priced at $165, it produces 780 CFM and...
Published Nov 4, 2026, 1:08 PM EST
allentown / lehighvalleylive
Elon Musk reacts after Democrats' midterm sweep
Elon Musk, the largest known individual political donor in modern U.S. history, spent more than $400 million in the midterms and had warned of the "end of democracy"...
Published Nov 4, 2026, 1:08 PM EST