card tap payment
MPC In the News September 25, 2024

Progressive Grocer: Justice Department Files Suit Against Visa Over Debit Card Practices

Multiple industry associations applauded the DOJ's actions, including the Merchants Payments Coalition, the National Retail Federation and the Retail Industry Leaders Association. "This is further evidence that Visa has regularly blocked competition in the debit card market," said Doug Kantor, MPC executive committee member and NACS general counsel. "Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions. 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."

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credit cards corner detail
MPC In the News September 24, 2024

Politico: Biden DOJ slaps Visa with antitrust suit over debit card dominance

Retail groups including the National Retail Federation and the Merchant Payments Coalition, which have long pushed for action curbing Visa and MasterCard, also lauded the case.

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choosing card payment
MPC In the News September 24, 2024

The U.S. Sun: DEBIT DOWNER Visa accused of causing higher prices for customers with ‘illegal’ monopoly in shock DOJ lawsuit

The Merchants Payments Coalition welcomed the DOJ lawsuit on Tuesday, accusing Visa of having “relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand.” MPC executive Doug Kantor said the lawsuit showed how “we desperately need competition over credit card swipe fees, which currently face no competition at all.”

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card tap payment
MPC In the News September 24, 2024

NPR All Things Considered: Justice Department accuses Visa of stifling competition in the debit card business

"You can mandate competition," says Stephanie Martz, chief administrative officer and general counsel for the National Retail Federation (and MPC Executive Committee member). "But if what's happening behind the point-of-sale is inhibiting that, then you don't actually have competition."

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credit cards corner detail
MPC In the News September 24, 2024

CSP Daily News: Justice Department Sues Visa for Monopolizing Debit Markets

The Merchants Payments Coalition (MPC) welcomed lawsuit against Visa. “This is further evidence that Visa has regularly blocked competition in the debit card market,” MPC Executive Committee member and National Association of Convenience Stores (NACS) General Counsel Doug Kantor said. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions. 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.”

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card tap payment
MPC In the News September 24, 2024

HBS Dealer: Visa hit with DOJ lawsuit

“This is further evidence that Visa has regularly blocked competition in the debit card market,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions. 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.”

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online card payment
MPC In the News September 24, 2024

Digital Transactions: The Justice Department May Haul Visa Into Court Over Debit Card Issues

The DoJ reviewed a “tremendous amount” of documents in the Plaid case, according to Doug Kantor, general counsel for Arlington, Va.-based National Association of Convenience Stores (and MPC Executive Committee member), a frequent opponent of the payment networks on interchange and related payment card acceptance issues. “It’s very likely the material taught them some things about Visa’s actions in the debit market,” Kantor tells Digital Transactions News. “A lot of those would raise concerns for any antitrust lawyer.” Asked about specifics, Kantor says, “We know from a merchant’s point of view Visa has employed tricks and traps for any competitor” to capture transaction volume. “It is clear over time that Visa’s actions, even when they’re cloaked in things like security, are really about protecting market share rather than those other things.”

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credit cards detail
MPC In the News September 24, 2024

Chain Store Age: Department of Justice sues Visa for alleged debit payment monopoly

In an official statement, Merchants Payment Coalition executive committee member and National Association of Convenience Stores general counsel Doug Kantor said this suit is evidence that Visa has been blocking competition in the debit card market. "Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions," Kantor said in the statement. "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."

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credit cards corner detail
MPC In the News September 24, 2024

Payments Dive: DOJ suit accuses Visa of illegal debit payment monopoly

The Merchants Payments Coalition, a group of merchants, including retailers, convenience stores and supermarkets, said it welcomed the lawsuit. “This is further evidence that Visa has regularly blocked competition in the debit card market,” said Doug Kantor, an executive committee member of the coalition, and the general counsel for the National Association of Convenience Stores. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions.”

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credit card detail
MPC In the News September 20, 2024

Politico Morning Money: Marshall’s swipe fee ad

Doug Kantor, an executive committee member of the Merchants Payments Coalition, said in a statement: “We’re pleased to see that Sen. Marshall is supporting his own bill. There’s nothing unusual or different about that. There’s hundreds of members of our coalition and they support lots of members of Congress. There’s nothing unusual about that either.”

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