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Day: June 12, 2024

Banking/Finance

Banks, retailers spar over swipe-fee legislation

Pennsylvania banks and credit unions are pushing back on proposed state legislation that would exempt the sales-tax portion of retail purchases from so-called swipe or interchange fees — the fees charged by financial services companies for processing credit card payments. The fees are typically 1% to 3% of a transaction. Under the exemption, on a […]

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Technology

York fiber company co-founded by rock stars unloads assets

United Fiber & Data, a York-based fiber optics firm that once promised to bring jobs and data centers to eastern Pennsylvania, is selling “substantially all” of its assets to a New York-based company.Those assets include the signature project of United Fiber & Data, or UFD, a company founded in 2012 by former members of the […]

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