Decatur (Ill.) Radio: Merchants Poll: Americans Want Swipe Fees Reduced
A new poll from the Merchants Payment Coalition finds strong voter support for congressional action on credit and debit card swipe fees. The survey says 75% of likely voters want lawmakers to reduce electronic processing fees charged on card transactions. The results arrive as state-level efforts face setbacks. A federal judge recently blocked Illinois’ Interchange Fee Prohibition Act, which would bar processing fees on the tax and tip portions of purchases.
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Springfield (Mass.) Republican: Judge OKs $38B deal to cut credit card fees despite retailer opposition
“The vast majority of merchants oppose this proposed settlement. We expect many more objections to be filed and to present the court with the profound problems the settlement would bring to the broken credit card market,” NACS (General Counsel and MPC Executive Committee member Doug Kantor) said. “Based on that, 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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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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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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