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Restaurant lobby celebrates Illinois court win on swipe fees
Yahoo Finance· 2026-02-12 10:35
This story was originally published on Restaurant Dive. To receive daily news and insights, subscribe to our free daily Restaurant Dive newsletter. Dive Brief: A federal judge on Tuesday upheld the core of Illinois’ Interchange Fee Prohibition Act, a 2024 law which prevents payment processes and financial institutions from charging interchange fees on tips or state and local taxes. Payment processors had challenged the state law, arguing it would “would upend the intricate and carefully calibrated glo ...
Thawani Pay signs credit card processing deal with Network
Yahoo Finance· 2026-01-20 11:56
Core Insights - Thawani Technologies (Thawani Pay) has formed a strategic partnership with Network International to enhance digital payment solutions and expand credit card capabilities in Oman [1][4] - The partnership is expected to leverage Thawani Pay's local market knowledge and Network International's global processing standards to create a seamless card experience [3][5] Company Developments - Thawani Pay has recently secured a Visa license to issue credit cards, marking significant progress in the card sector [1][2] - The agreement was signed by Thawani Pay's CEO Majid Al Amri and Network International's managing director Navneet Dave, highlighting the commitment to improve card processing capabilities [2][5] Industry Trends - Oman's digital payments landscape is evolving, with a notable increase in cashless transactions; card and point-of-sale transaction volumes reached 432.9 million in 2024 [5] - The collaboration aims to support financial inclusion initiatives and contribute to Oman's long-term digital transformation agenda [4][5]