Press Release
Press Release September 09, 2024

Credit and Debit Card ‘Swipe’ Fees Totaled $224 Billion in 2023, Nearly One-Third More than Previously Believed

MPC welcomed new data released today by payments consulting firm CMSPI showing that “swipe fees” big banks and card networks charge merchants to process credit and debit card transactions totaled $224 billion last year, nearly a third more than previously believed.

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Press Release
Press Release August 29, 2024

Merchants Say CFPB Should Focus on ‘the Source of the Problem’ With Cash-Back Fees in Towns Abandoned by Banks

Fees that some merchants charge consumers to give them cash back on debit card transactions are the fault of banks setting high “swipe” fees charged to merchants and failing to provide services in small towns, MPC said.

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Press Release
Press Release July 25, 2024

Credit Card ‘Swipe’ Fees to Account for Nearly $3 Billion of 2024 Back-to-School Costs

“Swipe” fees banks charge merchants to process credit card transactions will drive up the price of school and college supplies by almost $3 billion this year and cost the average family between $20 and $30, MPC said.

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Press Release
Press Release July 22, 2024

New Survey Shows Overwhelming Majority of Voters Want Congress to Pass the Credit Card Competition Act

An overwhelming majority of likely voters want Congress to pass the Credit Card Competition Act, and both Democrats and Republicans are more likely to support Senate candidates who back the measure, according to a new survey released by MPC.

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Press Release
Press Release July 09, 2024

Airport Restaurants and Retailers Join Merchants Payments Coalition

MPC announced that the Airport Restaurant and Retail Association has joined the coalition.

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Press Release
Press Release June 25, 2024

Merchants Welcome Order Officially Rejecting Flawed Visa/Mastercard Swipe Fee Settlement

MPC welcomed an order issued by a federal judge rejecting a proposed class-action settlement over Visa and Mastercard credit card “swipe” fees.

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Press Release
Press Release June 24, 2024

Consumer and Merchant Groups Urge Senate to Reject Bill Delaying Fed Action on Debit Card Swipe Fees

More than 200 state and national organizations representing consumers and merchants called on the Senate to reject legislation that would delay the Federal Reserve’s proposal to reduce how much big banks are allowed to charge to process debit card transactions.

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Press Release
Press Release June 13, 2024

Merchants Welcome Judge’s Statements Indicating Likely Rejection of Proposed Visa/Mastercard Swipe Fee Settlement

MPC welcomed comments by a federal judge indicating that she is likely to reject a proposed class action settlement over Visa and Mastercard credit card “swipe” fees.

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Press Release
Press Release June 13, 2024

Opposition to Proposed Visa/Mastercard Swipe Fee Settlement at Court Hearing Shows Need for CCCA

Strong opposition from merchants voiced at a hearing on a proposed class action settlement over Visa and Mastercard credit card “swipe” fees shows the need for Congress to pass the Credit Card Competition Act, MPC said.

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Press Release
Press Release June 10, 2024

Credit Card ‘Swipe’ Fees Could Cost Consumers Over $500 Million for Father’s Day

High “swipe” fees that credit card networks and banks charge merchants to process transactions could cost consumers more than $500 million this Father’s Day, MPC said.

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