PRESS RELEASES

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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November 17, 2022

Over 1,800 Merchants Ask Congress to Support Credit Card Competition Act

As Congress heads into its lame duck session, more than 1,800 merchants from across the country called on lawmakers to pass legislation that would bring long-sought competition to credit card “swipe” fees that drive up costs for consumers.

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October 04, 2022

Merchants Welcome Proposal to Assess Impact of Credit Card Swipe Fees on Wounded Military Veterans

MPC welcomed proposed amendments to the National Defense Authorization Act that are intended to address soaring credit card “swipe” fees that drive up costs for many veterans when they buy groceries or other necessities at military commissaries.

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October 03, 2022

Merchants Say New Federal Reserve Rules Will Ease Visa and Mastercard’s Anticompetitive Control of Online Debit

MPC welcomed the Federal Reserve’s long-awaited approval of new rules making it clear that merchants’ right to choose which payment networks process trillions of dollars in debit card transactions each year applies the same online as it does in stores and must be honored by banks and card companies.

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September 19, 2022

Merchants Welcome House Introduction of Credit Card Competition Act

The Merchants Payments Coalition welcomed House introduction of the Credit Card Competition Act by Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas.

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September 14, 2022

Nearly 1,700 Merchants From Small to Large Ask Congress to Support Bipartisan Credit Card Competition Legislation

More than 200 merchant trade associations and close to 1,700 companies ranging from Main Street small businesses to national chains called on Congress to support legislation sponsored by Senators Richard Durbin and Roger Marshall that would finally bring badly needed competition to the credit card market.

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August 26, 2022

Kansas Merchants Meet with Marshall on Need for Competition Over Credit Card ‘Swipe’ Fees

Merchants from across Kansas met with Senator Roger Marshall to emphasize how lack of competition over credit card processing drives up prices paid by consumers and thanked him for introducing the bipartisan Credit Card Competition Act.

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July 28, 2022

Merchants Say Credit Card Legislation Would Introduce Long-Awaited Competition While Saving Consumers Billions

MPC welcomed bipartisan legislation sponsored by Senators Richard Durbin and Roger Marshall that would let merchants choose which payments networks process credit card transactions, saying the measure would create long-sought competition that could save businesses and consumers billions of dollars a year.

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July 15, 2022

Merchants Say Credit Card ‘Swipe’ Fees Will Add $2.5 Billion to Back-to-School Spending

“Swipe” fees banks charge merchants to process credit card transactions will contribute an estimated $2.5 billion to the cost of everything from crayons to computers as American families hit with rising inflation send their children back to school and college this year, the Merchants Payments Coalition said. That amounts to almost $20 in swipe fees for the average family.

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June 29, 2022

Merchants Say Credit Card ‘Swipe’ Fees Will Add to Inflation for Those Celebrating Fourth of July

“Swipe” fees banks charge merchants to process credit card transactions will add hundreds of millions of dollars to the cost of everything from food to fireworks as Americans struggling amid rampant inflation celebrate Independence Day this year, the Merchants Payments Coalition said.

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