Press Releases
December 19, 2022
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.
December 14, 2022
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.
November 22, 2022
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.
November 17, 2022
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.
October 04, 2022
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.
October 03, 2022
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.
September 19, 2022
The Merchants Payments Coalition welcomed House introduction of the Credit Card Competition Act by Representatives Peter Welch, D-Vt., and Lance Gooden, R-Texas.
September 14, 2022
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.
August 26, 2022
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.
July 28, 2022
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.