MPC Hill Blast: Visa to Raise Small Business Swipe Fees on Jan. 24
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
READ MORE +MPC Hill Blast: Visa to Raise Small Business Swipe Fees on Jan. 24
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
READ MORE +MPC Hil Blast: 'Working People Got Slammed by Credit Card Interest and Fees'
As the article shows, new numbers are out and they aren’t pretty for the American people.
READ MORE +MPC Hill Blast: Visa, Mastercard Push Fraud Costs Onto Merchants -- Federal Reserve
The Federal Reserve recently released new data on debit cards and the results are eye-opening. The report shows that Visa and Mastercard have continued to push more fraud costs onto merchants and have reduced the amounts that banks pick up.
READ MORE +MPC Hill Blast: The '$760 Million Windfall'
As reported by the New York Times, JPMorgan Chase CEO Jamie Dimon made a “$770 Million Windfall” in 2025.
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Fed Report Shows Visa, Mastercard Shift More Debit Card Fraud Onto Merchants
A biennial report just released by the Federal Reserve shows that Visa and Mastercard shifted more of the burden of debit card fraud onto the merchants, while easing responsibility for banks. The updated figures for 2023 show that merchants paid for 49.9% of debit card fraud in 2023 — up from 46.9% in 2021. During the same period, the amount paid by banks dropped from 33.4% to 28.3%.
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Merchants Ask Fed to Reject Banks’ ‘Stall Tactic’ on Reducing Billions in Debit Card Swipe Fees
The Merchants Payments Coalition and member trade associations today urged the Federal Reserve to turn down banks’ latest request that the agency drop a proposal to reduce the billions of dollars in “swipe” fees big banks charge to process debit card transactions. MPC encouraged the Fed to finally adopt the reduction instead.
READ MORE +MPC Hill Blast: ‘Visa’s New Program Vexes Merchants’
Well, what do you know? It turns out that Visa has a “revamped system” that “has socked some merchants with higher costs.” The credit card companies keep telling Congress they don’t raise fees but in October Visa came out with a “Commercial Enhanced Data Program” that forced merchants into “a new interchange level” and made them “pay higher fees.”
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Credit Card ‘Swipe’ Fees Could Cost Consumers $20 Billion Or More During 2025 Holiday Season
Rising “swipe” fees banks charge merchants to process credit card transactions could cost consumers nearly $20 billion or more in higher prices this holiday season, MPC said.
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Punchbowl News: Ho-ho-hold up on those swipe fees
The Merchants Payments Coalition is taking a holiday-themed swing at the credit card industry over swipe fees as consumers head into December. The MPC, which represents retailers and advocates for the passage of the Credit Card Competition Act, pointed to fresh data released by the consulting firm CMSPI this week suggesting that U.S. customers would fork over nearly $20 billion this season in credit card interchange fees. “If Scrooge and the Grinch conspired on how to ruin the holidays, credit card swipe fees would be their plan,” National Association of Convenience Stores General Counsel Doug Kantor said in a statement.
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