PRESS RELEASES

May 11, 2021

Merchants Call on Fed to Cut Debit Card Swipe Fee Rate as Banks’ Costs Fall, Applaud Routing Announcement

FOR IMMEDIATE RELEASEContact: J. Craig Shearman(202) 257-3678 craig@shearmancommunications.com WASHINGTON, May 11, 2021 – The Merchants Payments Coalition called on the Federal Reserve today to revise debit card swipe fee regulations adopted a decade ago, citing a new Fed report showing banks’ average cost of processing the transactions has fallen by half. MPC also welcomed the […]

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PRESS RELEASES

March 19, 2021

Merchants Welcome Reported DOJ Investigation of Visa Debit Card Routing Issues

FOR IMMEDIATE RELEASEContact: J. Craig Shearman(202) 257-3678 craig@shearmancommunications.com WASHINGTON, March 19, 2021 – The Merchants Payments Coalition welcomed published reports today that the Department of Justice is investigating whether Visa is engaging in anticompetitive practices related to how debit card transactions are routed for processing. “The MPC has been concerned about these practices to limit […]

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PRESS RELEASES

March 16, 2021

Merchants Welcome Delay of Visa/Mastercard Swipe Fee Hike but Say Fees Are Still Too High

FOR IMMEDIATE RELEASEContact: J. Craig Shearman(202) 257-3678 craig@shearmancommunications.com WASHINGTON, March 16, 2021 – The Merchants Payments Coalition welcomed today’s announcement by Visa and Mastercard that nearly $1.2 billion in credit card swipe fee increases will be postponed for a year, but said existing fees are already too high and need to be addressed by Congress. […]

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PRESS RELEASES

March 11, 2021

Merchants Welcome Durbin Concern that Visa and Mastercard Want to ‘Get Even’ with Swipe Fee Increases

FOR IMMEDIATE RELEASEContact: J. Craig Shearman(202) 257-3678 craig@shearmancommunications.com         WASHINGTON, March 11, 2021 – The Merchants Payments Coalition welcomed attention brought to rising credit card processing fees by Senate Judiciary Committee Chairman Richard J. Durbin, D-Ill., during an antitrust hearing today. Durbin, who authored legislation that brought transparency, competition and predictability to debit card fees in […]

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PRESS RELEASES

March 03, 2021

Merchants Payments Coalition Welcomes Durbin/Welch Request for Visa and Mastercard to Cancel Fee Increase

FOR IMMEDIATE RELEASEContact: J. Craig Shearman(202) 257-3678 craig@shearmancommunications.com WASHINGTON, March 3, 2021 – The Merchants Payments Coalition welcomed a letter sent today by Senator Richard J. Durbin, D-Ill., and Representative Peter Welch, D-Vt., calling on Visa and Mastercard to cancel a nearly $1.2 billion increase in credit card processing fees scheduled to take effect in […]

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