TECHNOLOGY: FTC Order Forces Mastercard to Stop Blocking Use of Competing Payment Networks

Federal Trade Commission aims to provide merchants more choice in debit-payment networksBy Ann Meyer on May 31, 2023 A Federal Trade Commission order adopted Tuesday compels Mastercard to provide customer information to competing networks and to stop blocking merchants from using the alternative networks to process debit-card payments, the commission said Wednesday. By allowing choice in the marketplace, the…

Chicago – Minimum Wage Increases July 1

Every July 1, Chicago’s minimum wage increases per the Minimum Wage Ordinance. The Chicago minimum wage is tiered for large businesses with 21 or more employees, and small businesses with 4 to 20 employees. The minimum wage for larger employees increases annually according to the Consumer Price Index or 2.5%, whichever is lower. The minimum…