MPC IN THE NEWS

March 16, 2021

Visa, Mastercard to Delay Merchant Fee Hikes Another Year

Visa Inc. and Mastercard Inc. are postponing plans to boost the fees U.S. merchants pay when consumers use credit cards online, pushing back the changes another year to April 2022 because of the pandemic.

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MPC IN THE NEWS

March 04, 2021

Industry ‘Pleased’ by Legislators’ Request to Cancel Swipe Fee Hike

The grocery industry has described itself as “extremely pleased” by a letter sent by federal lawmakers encouraging major credit card companies to cancel planned increases in interchange fees, also known as “swipe fees,” which food retailers maintain would be detrimental to businesses and consumers still struggling during the pandemic.

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MPC IN THE NEWS

March 03, 2021

Interchange to rise in April, but card brands offer an olive branch

Last year the major card networks decided, amid the pandemic, to hold off on adjusting interchange fees until April of 2021. This would be the most substantial change to the interchange rate structure in a decade, and the card networks have not signaled plans to delay it further.

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