Merchants Call for Action as Swipe Fees Rise Again
MPC called on Congress and the Federal Reserve to move quickly to address credit and debit card swipe fees, citing new data showing the fees increased dramatically again last year and now cost the average family over $1,000 a year.
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Merchants Say Fed Should Not Delay Move to Increase Competition Over Online Debit Transactions
MPC said the Federal Reserve should turn down a request from banks to delay implementation of its long-sought clarification that merchants’ right to choose which payment networks process debit card transactions applies the same online as it does in stores.
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Merchants Tell Congress Credit Card Competition Act Would Block National Security Threat from China UnionPay
The Merchants Payments Coalition told a House committee holding a hearing on economic threats from China that passage of the Credit Card Competition Act is needed to keep China from “infiltrating” the U.S. payments processing market.
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Credit Card 'Swipe' Fees Could Cost Consumers Over $500 Million on Valentine's Day
Rising swipe fees banks charge merchants to process credit and debit card transactions could potentially cost consumers over $500 million in higher prices for everything from cards and candy to roses and rings this Valentine’s Day, MPC said.
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Merchants Welcome FTC Order That Mastercard Can't Block Routing Competition for Ecommerce Debit Transactions
The Merchants Payments Coalition welcomed today’s order by the Federal Trade Commission that Mastercard cease practices the agency says have illegally blocked merchants’ ability to route ecommerce debit card transactions over competing networks.
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Merchants Say Credit Card 'Swipe' Fees Could Cost Consumers $20 Billion During Holiday Season
Rising swipe fees banks charge merchants to process credit and debit card transactions could potentially cost consumers over $20 billion in higher prices for everything from dreidels to Christmas trees this holiday season, the Merchants Payments Coalition said.
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TV Ad Says Congress Should Pass Credit Card Competition Act 'For Happier Holidays'
Soaring credit card “swipe” fees are limiting what consumers can afford to buy this holiday season, according to a new TV commercial unveiled by the Merchants Payments Coalition.
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TV Ad Targets Visa's Promotion of Competition at World Cup While Blocking Competition Over Swipe Fees
The Merchants Payments Coalition unveiled a new TV commercial that takes aim at Visa’s sponsorship of the FIFA World Cup while refusing to allow competition over billions of dollars in “swipe” fees that drive up prices for consumers.
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Over 1,800 Merchants Ask Congress to Support Credit Card Competition Act
As Congress heads into its lame duck session, more than 1,800 merchants from across the country called on lawmakers to pass legislation that would bring long-sought competition to credit card “swipe” fees that drive up costs for consumers.
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Merchants Welcome Proposal to Assess Impact of Credit Card Swipe Fees on Wounded Military Veterans
MPC welcomed proposed amendments to the National Defense Authorization Act that are intended to address soaring credit card “swipe” fees that drive up costs for many veterans when they buy groceries or other necessities at military commissaries.
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