U.S. News and World Report: What the Visa, Mastercard Settlement Means for Your Favorite Rewards Credit Card
Doug Kantor, Merchants Payments Coalition executive committee member and National Association of Convenience Stores general counsel, says he's not convinced the settlement in its current form will have any meaningful change at the consumer level – for better or worse. "They will still be paying huge hidden fees," he says. "It won't change their experience in stores at all."
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Detroit Free Press: I really, really don't like extra fees: Why I'm watching my cash
Why are retailers more willing to gamble on offending a customer by slapping on a surcharge? "They're using them because they're desperate," said Doug Kantor, general counsel for the National Association of Convenience Stores, based in Alexandria, Virginia (and MPC Executive Committee member). ... "Many businesses just can't take it any longer and so they don't know what else to do."
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Credit Union Daily: Merchants Payments Group Says New Survey Shows Consumers Say Swipe Fees are Driving Up Costs
A new poll commissioned by the Merchants Payments Coalition –which stands opposite credit unions on the issue of card interchange-found that a large majority of voters believe credit card swipe fees contribute to higher consumer prices and support congressional action to reduce those fees, according to the organization.
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Retail Systems: Visa and Mastercard’s $38bn US swipe‑fee settlement wins preliminary court approval
NACS general counsel (and MPC Executive Committee member) Doug Kantor predicted "many more objections" would follow, with critics arguing merchants would still pay excessive rates on rewards cards and remain unable to reject individual card issuers within a network.
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The Center Square: MERCHANTS POLL: AMERICANS WANT SWIPE FEES REDUCED
According to a poll released by the Merchants Payment Coalition, 75% of likely voters say Congress should act to reduce electronic processing fees on credit and debit card transactions. The survey results come after the Illinois Interchange Fee Prohibition Act was blocked by a federal judge last week and swipe fee legislation in Colorado was vetoed.
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The Shelby Report: NGA Criticizes Preliminary Approval Of $38B Swipe Fee Settlement
“The vast majority of merchants oppose this proposed settlement,” said Doug Kantor, Merchant Payments Coalition executive committee member and NACS general counsel, in a statement following the ruling. Kantor said the coalition expects more objections to be filed.
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Law.com: Judge Approves Visa, Mastercard Swipe-Fee Deal, Saying Objectors Unlikely to Win More At Trial
"The vast majority of merchants oppose this proposed settlement," said (MPC Executive Committee member and NACS General Counsel) Doug Kantor. "We expect many more objections to be filed."
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U.S. Sun: “The vast majority of merchants oppose this proposed settlement,” says Doug Kantor, general counsel at the National Association of Convenience Stores, in a statement. “We expect many more objections to be filed that will present the court with c
“Credit card swipe fees make just about everything Americans buy more expensive,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said.
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Chain Drug Review: Preliminary court ruling on Visa/Mastercard swipe fees is bad deal for retailers and consumers
“The vast majority of merchants oppose this proposed settlement,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “We expect many more objections to be filed that will present the court with clear evidence of the profound problems with this settlement that would make the already broken credit card market even worse. We are hopeful that the judge will refuse to grant final approval, and that merchants will have their day in court.”
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Bloomberg Power Play: Swipe Fee Fight
The Merchants Payments Coalition, which lobbies for legislation to curb credit card swipe fees, is out with a poll showing the majority of Americans want Congress to limit the fees. The coalition said the survey of 9,264 likely voters in the 41 most-competitive House battleground districts, conducted by the polling firm Co/Efficient, showed that 73.6% of voters say swipe fees are part of the prices they pay. And 75% of voters say Congress should act to reduce swipe fees, the group said.
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