NPR: A New Bill Would Reduce the Fees Shop Owners are Charged When Customers Swipe a Card
M{PC Executive Committee member and NACS General Counsel Doug Kantor: "In general, these fees are really just baked into the cost of everything we buy. Even consumers who are cash payers pay more for every good that they buy than they really should."
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Gifts and Decorative Accessories: 3 Senators, Business Owners Urge Passage of Credit Card Competition Act
“Thank you to Senators Durbin, Marshall, Welch and Vance for their tireless advocacy on behalf of Main Street businesses. We need Congress to follow the lead of these champions of Main Street. With Visa and Mastercard hiking fees and creating new ones just next month, it’s time to pass the Credit Card Competition Act,” said Doug Kantor, Merchants Payments Coalition Executive Committee member and National Association of Convenience Stores General Counsel.
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Convenience Store News: Consumers Echo Support for Credit Card Swipe Fee Reform
Retailers aren't the only ones concerned with high swipe fees. Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released today by the Merchants Payments Coalition.
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Credit Unions Today: Survey Shows Two-Thirds of Voters Want 'Swipe Fee Reform,' Says Merchants Group
Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released by the Merchants Payments Coalition, which is advocating for passage of the Credit Card Competition Act in Congress.
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Politico Influence: Swipe Fee Fight Heats Up
Also Monday, the Merchants Payments Coalition, an ally of the retail industry working to take down card giants Visa and Mastercard, held a news conference with small business and antitrust advocacy groups to trumpet its own findings, unveiling survey data showing that two-thirds of likely voters favor swipe fee changes.
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Gifts and Decorative Accessories: New Voter Data, Ad Campaigns Add Pressure on Congress to Act on Credit Card Swipe Fee Reform
In MPC’s new survey about the Credit Card Competition Act and credit card swipe fee issues, the group found that 65 percent of likely voters support credit card swipe fee reform. “These numbers show that bringing competition to out-of-control swipe fees is a priority for consumers, not just merchants,” said Doug Kantor, MPC Executive Committee member and National Association of Convenience Stores general counsel. “Consumers are increasingly aware that swipe fees drive up the prices of everything they buy and are going nowhere but up. They want Congress to stand up against global credit card networks and Wall Street banks and put American families first.”
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CSP Daily News: Vote on Credit Card Competition Act Could Happen This Week
The bipartisan Credit Card Competition Act of 2023, designed to provide merchants relief from swipe fees, was reintroduced in Congress in June and has the support of the NACS, the Merchants Payment Coalition, the National Retail Federation and other business groups.
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NACS Daily: Credit Card Swipe Fees Return to Senate Floor, The Merchants Payments Coalition Welcomes Remarks Made by Senators
The Merchants Payments Coalition welcomed remarks on the Senate floor by sponsors of the Credit Card Competition Act this week, addressing Visa and Mastercard’s reported plans to increase credit card swipe fees by more than $500 million beginning next month.
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Gifts and Decorative Accessories: Merchants Agree 'Enough is Enough' as Senators Address Credit Card Swipe Fee Hikes
“Merchants have been calling for relief from rising swipe fees but Visa and Mastercard’s response is to increase these fees again,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “Consumers and small businesses in the United States are already paying far more in swipe fees than any country in the industrialized world and can’t afford to pay more. Visa and Mastercard apparently don’t care. We agree that enough is enough. It’s time to pass the Credit Card Competition Act so global card networks and Wall Street banks will have to compete the same as Main Street businesses do every day.”
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Payments Dive: CCCA Backers Target Vote This Year
Marshall “feels confident in that, and we take a lot of confidence from that as well,” said (MPC Executive Committee member) Doug Kantor, who is general counsel for the trade group NACS, an association that represents convenience stores and fueling stations impacted by card ‘swipe’ fees.
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