Press Release
Press Release April 24, 2023

Merchants Say Record JPMorgan Revenues Show Need to Address Swipe Fees

MPC says record first-quarter revenue and near-record profits at JPMorgan Chase, the nation’s largest credit card issuer, show the need for Congress to pass the Credit Card Competition Act.

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Press Release
Press Release March 27, 2023

Credit Card Fees Could Swipe a Dozen Easter Eggs and Cost Consumers Over $500 Million

Rising “swipe” fees big banks and credit card networks charge merchants to process transactions could cost the average consumer the equivalent of a dozen eggs this Easter and potentially total over half a billion dollars nationwide, MPC said.

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Press Release
Press Release March 21, 2023

Merchants Call for Action as Swipe Fees Rise Again

MPC called on Congress and the Federal Reserve to move quickly to address credit and debit card swipe fees, citing new data showing the fees increased dramatically again last year and now cost the average family over $1,000 a year.

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Press Release
Press Release February 14, 2023

Merchants Say Fed Should Not Delay Move to Increase Competition Over Online Debit Transactions

MPC said the Federal Reserve should turn down a request from banks to delay implementation of its long-sought clarification that merchants’ right to choose which payment networks process debit card transactions applies the same online as it does in stores.

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Press Release
Press Release February 07, 2023

Merchants Tell Congress Credit Card Competition Act Would Block National Security Threat from China UnionPay

The Merchants Payments Coalition told a House committee holding a hearing on economic threats from China that passage of the Credit Card Competition Act is needed to keep China from “infiltrating” the U.S. payments processing market.

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Press Release
Press Release January 31, 2023

Credit Card 'Swipe' Fees Could Cost Consumers Over $500 Million on Valentine's Day

Rising swipe fees banks charge merchants to process credit and debit card transactions could potentially cost consumers over $500 million in higher prices for everything from cards and candy to roses and rings this Valentine’s Day, MPC said.

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Press Release
Press Release December 23, 2022

Merchants Welcome FTC Order That Mastercard Can't Block Routing Competition for Ecommerce Debit Transactions

The Merchants Payments Coalition welcomed today’s order by the Federal Trade Commission that Mastercard cease practices the agency says have illegally blocked merchants’ ability to route ecommerce debit card transactions over competing networks.

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Press Release
Press Release December 19, 2022

Merchants Say Credit Card 'Swipe' Fees Could Cost Consumers $20 Billion During Holiday Season

Rising swipe fees banks charge merchants to process credit and debit card transactions could potentially cost consumers over $20 billion in higher prices for everything from dreidels to Christmas trees this holiday season, the Merchants Payments Coalition said.

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Press Release
Press Release December 14, 2022

TV Ad Says Congress Should Pass Credit Card Competition Act 'For Happier Holidays'

Soaring credit card “swipe” fees are limiting what consumers can afford to buy this holiday season, according to a new TV commercial unveiled by the Merchants Payments Coalition.

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Press Release
Press Release November 22, 2022

TV Ad Targets Visa's Promotion of Competition at World Cup While Blocking Competition Over Swipe Fees

The Merchants Payments Coalition unveiled a new TV commercial that takes aim at Visa’s sponsorship of the FIFA World Cup while refusing to allow competition over billions of dollars in “swipe” fees that drive up prices for consumers.

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