Press Release
Press Release November 16, 2023

Credit Card 'Swipe' Fees Drive Up Thanksgiving Costs

Rising credit card “swipe” fees will contribute significantly to the cost of celebrating Thanksgiving this year regardless of whether families stay home, eat out or travel, MPC said.

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Press Release
Press Release November 08, 2023

Rising Visa/Mastercard Fraud Rate Shows Need for Credit Card Competition Act to Protect Consumers

An increase in fraud rates on Visa and Mastercard’s networks shows the need to pass the Credit Card Competition Act to provide merchants with more secure options for routing consumer transactions, MPC said.

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Press Release
Press Release November 01, 2023

Merchants Say Credit Card Competition Act is Needed to Keep China Out of U.S. Payments

The Credit Card Competition Act is the only legislative proposal that would bar China’s credit card network, China UnionPay, from the U.S. payments market, MPC told Congress in a letter.

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Press Release
Press Release October 26, 2023

Stunning Visa and Mastercard Profit Margins Prove Credit Card Market is Broken

Soaring profits reported by Visa and Mastercard this week are further evidence the credit card market is broken and not competitive, MPC said.

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Press Release
Press Release October 25, 2023

Merchants Call Fed Plan to Revise Debit Card Swipe Fee Regulation 'A Step in the Right Direction' But Not Enough

A long-awaited reduction in the “swipe” fees large banks are allowed to charge merchants to process debit card transactions proposed today by the Federal Reserve is welcome but doesn’t go far enough, MPC said.

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Press Release
Press Release October 17, 2023

Merchants Welcome Fed Plan to Consider Revising Debit Card Swipe Fee Regulation

The Merchants Payments Coalition welcomed today’s announcement that the Federal Reserve Board of Governors will meet next week to consider revising its 12-year-old regulation on debit card swipe fees

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Press Release
Press Release October 16, 2023

Merchants Say Rising Megabank Profits Show Need to Address Swipe Fees

Huge profits reported by some of the nation’s largest card-issuing banks as credit card swipe fees continue to rise show the need for Congress to pass the Credit Card Competition Act, the Merchants Payments Coalition said.

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Press Release
Press Release September 20, 2023

MPC, Durbin, Marshall and Welch Call for 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," MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. "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.”

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Press Release
Press Release September 18, 2023

Survey Finds Nearly Two-Thirds of Likely Voters Support Credit Card Swipe Fee Reform

Nearly two-thirds of likely voters support credit card swipe fee reform, according to a new survey released by MPC.

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Press Release
Press Release September 13, 2023

Merchants Agree 'Enough is Enough' as Senators Address New Visa and Mastercard Credit Card Swipe Fee Hikes

MPC welcomed remarks on the Senate floor by sponsors of the Credit Card Competition Act 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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