Jacksonville (ill.) Journal-Courier: The backward reasoning behind debit card fees
Op-ed by MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor says the DOJ’s antitrust lawsuit over debit card practices shows “Visa has bent the antitrust laws beyond recognition to monopolize the debit card network market.”
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Wall Street Journal: Credit Cards Don’t Require Signatures. So Why Do We Still Sign?
“Traditions have this odd way of sticking around,” said Doug Kantor, general counsel of the National Association of Convenience Stores (and MPC Executive Committee member).
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Digital Transactions: Motions Fly in the Battle Over the Illinois Interchange Case Ahead of an Oct. 30 Hearing
The groups requested to join the suit because they feel they could provide the court with more facts and insights about how the payments system works. The move is part of an effort to refute plaintiffs’ claims that the law will negatively disrupt the payments system, according to Doug Kantor, general counsel for the National Association of Convenience Stores (and MPC Executive Committee member). ... Merchant organizations viewed the latest motion filed by the plaintiffs as a sign the plaintiffs are concerned about the merits of their case. “It’s not surprising that [the plaintiffs] are concerned the court might learn the truth from the merchant organizations seeking to intervene in the case,” Kantor says.
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Vixio Payments Compliance: DoJ Visa Lawsuit Could Sway US Credit Space, Swipe Fee Debate
According to Doug Kantor, general counsel at the National Association of Convenience Stores (and MPC Executive Committee member), the case could add “rocket fuel” to the debate. “The CCCA has some momentum and support, but when you show people in such a stark way the bad behaviour that has led to this situation, it's much harder for anyone to deny that some serious changes need to be made. It should provide a lot of additional momentum,” he told Vixio.
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Digital Transactions: The Durbin Amendment Enters the Battle Over the Illinois Interchange Law
(MPC Executive Committee memeber) Doug Kantor, general counsel for the National Association of Convenience Stores, which joined a group of organizations filing amicus briefs Friday on behalf of the IIFPA, says Durbin’s brief is defendable. “There is nothing in the Durbin Amendment that pre-empts state law, or prevents states from going further,” when it comes to interchange pricing, Kantor says.
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Credit Unions Today: Merchants Asking To Participate In Suit Over Illinois Swipe Fees Law
Three Merchants Payments Coalition member associations have asked permission to take part in a lawsuit over Illinois’ new law banning credit card swipe fees on sales taxes and tips, saying merchants’ perspective is needed to understand the high cost the fees impose on small business and their customers, the MPC reported.
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Digital Transactions: Illinois’s Interchange Lawsuit Wins National Prominence As More Retail Organizations Voice Support
“In a way, this is becoming a national issue,” says (MPC Executive Committee member) Doug Kantor, general counsel for the National Association of Convenience Stores, who confirms NACS will be filing an amicus brief and requesting to intervene in the case. “Our concern is that banks can’t farm out credit and debit card pricing to non-banks, such as Visa and Mastercard, and expect to be protected under the National Bank Act” when state laws are passed that impact pricing.
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Inside Sources/DC Journal: The Backward Reasoning Behind Debit Card Fees
Op-ed by MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor says the DOJ's antitrust case "has made clear that Visa has bent the antitrust laws beyond recognition to monopolize the debit card network market."
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Restaurant Business: Justice Department adds muscle to restaurants' fight to temper credit-card swipe fees
“This is further evidence that Visa has regularly blocked competition in the debit card market,” said Doug Kantor, general counsel for the National Association of Convenience Stores and a leader of a cross-industry advocacy group called the Merchant Payments Coalition. The National Restaurant Association is a member of the coalition. “While this case is focused on debit cards, it shows how we desperately need competition over credit card swipe fees, which currently face no competition at all,” Kantor continued in his statement.
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Politico Influence: Swipe Fee Foes Double Down
The Merchants Payments Coalition, which represents retailers, proclaimed that the suit, while focused on debit cards, “shows how we desperately need competition over credit card swipe fees, which currently face no competition at all,” according to spokesperson Doug Kantor.
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