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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Press Release
Press Release July 26, 2023

Merchants Welcome Assurances for Senate Vote on Credit Card 'Swipe' Fee Bill

MPC welcomed the announcement by Senator Roger Marshall, R-Kan., that the Senate plans to vote on the Credit Card Competition Act.

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Press Release
Press Release July 24, 2023

New Study Says 'Swipe' Fee Bill Would Not Lead to Loss of Credit Card Rewards

MPC welcomed new research showing passage of the Credit Card Competition Act should have virtually no impact on credit card rewards and that banks could easily afford to continue offering rewards.

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Press Release
Press Release July 20, 2023

Credit Card 'Swipe' Fees Account for $3 Billion of Back-to-School Costs This Year

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

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Press Release
Press Release July 18, 2023

AAHOA Joins Merchants Payments Coalition

MPC announced that the Asian American Hotel Owners Association has joined the coalition, adding to the ranks of merchant groups fighting for a competitive market for credit card “swipe” fees.

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Press Release
Press Release June 26, 2023

Credit Card 'Swipe' Fees Could Drive Up Families' Fourth of July Costs by $500 Million

“Swipe” fees banks and card networks charge to process credit card transactions could drive up consumers’ cost of celebrating the Fourth of July by more than $500 million this year, MPC said.

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