Retailers Ask U.S. Regulators to Examine Visa, Mastercard Fees
A coalition of trade associations representing some of the world’s largest retailers called on U.S. antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc. threatened to ban Visa Inc. cards in the U.K.
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MPC Letter Highlights Amazon Action on Visa Credit Cards in UK
On behalf of the Merchants Payments Coalition, we are writing to bring your attention to the recent decision – and subsequent reversal – by Amazon to stop accepting Visa credit cards in the United Kingdom because of the high fees charged to process transactions.
Merchant Group Prods Fed on Debit Routing Proposal
The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.
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Make Credit Card Companies Play by the Same Rules as Other Businesses
While many Tennessee retailers were struggling to survive the pandemic last year, big banks and credit card companies raked in over $100 billion nationwide by skimming hidden “swipe” fees off the top every time consumers used a credit or debit card to pay.
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Credit Card Fees Driving Thanksgiving Inflation
As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
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Swipe Fees Help Drive Thanksgiving Inflation
Swipe fees are a significant contribution to rising holidays costs, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
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Merchants Ask FTC to Investigate Card Companies’ Role in Higher Gas Prices
The Merchants Payments Coalition (MPC) has called on the Federal Trade Commission (FTC) to investigate the credit-card industry, saying interchange or swipe fees charged to process transactions have contributed to increases in gasoline prices.
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Merchants Ask FTC to Probe Card Firms’ Role in Gas Price Hike
The Merchants Payments Coalition yesterday called on the U.S. Federal Trade Commission to investigate the credit card industry, saying swipe fees charged to process transactions have contributed to increases in gasoline prices.
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Lack of Competition Fuels Banks’ Hidden Credit Card Tax
Big Wall Street banks and giant credit card companies rake in more than $100 billion a year by skimming off hidden “swipe” fees every time a consumer uses a credit or debit card to pay for a purchase.
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Credit Card Companies Acknowledge Their Biggest Fear - Competition
In a recent article, the chairman of a credit card industry coalition expressed his members’ worst fear about bringing competition to who gets to process trillions of dollars in transactions each year. Doing so would result in a situation “in which credit card networks are forced to lower their prices to compete.”
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