Kiosk Marketplace: Swipe fees could cost consumers $683M on Valentine’s day
"For restaurants, swipe fees are anything but a love story," MPC Executive Committee member and National Restaurant Association Director of Technology and Innovation Policy Brennan Duckett said in the release. "On one of the year's biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It's time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act."
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Retail Customer Experience: Swipe fees could cost consumers $683M on Valentine’s day
"For restaurants, swipe fees are anything but a love story," MPC Executive Committee member and National Restaurant Association Director of Technology and Innovation Policy Brennan Duckett said in the release. "On one of the year's biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It's time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act."
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Pizza Marketplace: Swipe fees could cost consumers $683M on Valentine’s day
"For restaurants, swipe fees are anything but a love story," MPC Executive Committee member and National Restaurant Association Director of Technology and Innovation Policy Brennan Duckett said in the release. "On one of the year's biggest dining holidays, these excessive fees raise costs for restaurant operators and for every couple trying to enjoy a special night out. It's time for Congress to show some love to small businesses and their guests by passing the Credit Card Competition Act."
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MPC Hill Blast: Competition Would Help Community Banks, Credit Unions
Community banks and credit unions compete well against the big banks every day. Unfortunately, Visa and Mastercard block competition on merchant fees and services on credit cards. That is not good for community banks and credit unions. The Credit Card Competition Act would help.
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Credit Card ‘Swipe’ Fees Could Cost Consumers $683 Million on Valentine’s Day
Credit card swipe fees that President Donald Trump calls the “out of control Swipe Fee ripoff” could cost consumers more than $683 million in higher prices this Valentine’s Day, MPC said.
READ MORE +MPC Hill Blast: Wall Street: Wrong Again
The track record is almost uncanny, but the giant Wall Street banks are notorious for saying one thing and then doing another. The latest example — debit card rewards.
READ MORE +MPC Hill Blast: Broad, Overwhelming Support for the Credit Card Competition Act
Support for the Credit Card Competition Act, which would create some much-needed competition for credit card companies where none exists today, is incredibly broad and deep.
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Merchants Welcome Unions’ Call to Pass Credit Card ‘Swipe’ Fee Reform
MPC welcomed the endorsement of the Credit Card Competition Act by three of the nation’s largest labor unions, who called on the Senate Agriculture Committee to “not lose sight” of credit card swipe fees as it considers cryptocurrency legislation set for a vote.
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Merchants Urge Senate Ag Committee to Approve Credit Card ‘Swipe’ Fee Amendment to Cryptocurrency Legislation
MPC and other merchant groups from across the country urged the Senate Agriculture Committee to include the Credit Card Competition Act, which was recently endorsed by President Donald Trump, as part of cryptocurrency marketplace structure legislation.
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Merchants Say ‘The President is Right’ on High Credit Card Company Profits
MPC welcomed concern about excessive credit card company profits voiced by President Donald Trump during remarks at the World Economic Forum in Davos, Switzerland.
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