MPC IN THE NEWS

January 19, 2022

Interchange Fees in US Antitrust Spotlight After Amazon UK Abandons Visa Card Ban

In the U.K., Amazon’s ban on Visa cards has been abandoned, but the ripple effects may last long and reach far. To that end, some of the biggest retailers in the world — via the Merchants Payments Coalition — sent a letter to the Federal Trade Commission (FTC) and the Department of Justice (DOJ) Wednesday (Jan. 19) urging those regulators to take a deeper look into credit card fees.

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MPC IN THE NEWS

January 19, 2022

Retailers Ask U.S. Regulators to Examine Visa, Mastercard Fees

A coalition of trade associations representing some of the world’s largest retailers called on U.S. antitrust regulators to examine the fees charged by credit-card companies after Amazon.com Inc. threatened to ban Visa Inc. cards in the U.K.

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January 19, 2022

Merchants Ask U.S. Authorities to ‘Look Closely’ at Amazon’s Attempt to Reject UK Visa Credit Cards

The Merchants Payments Coalition today called on Congress and federal agencies to “look closely” at Amazon’s recent announcement that it would stop accepting Visa credit cards in the United Kingdom. Even though Amazon changed its mind this week, MPC said the high “swipe” fees that prompted the move are much higher in the United States and drive up consumer prices here even more.

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MPC IN THE NEWS

January 19, 2022

MPC Letter Highlights Amazon Action on Visa Credit Cards in UK

On behalf of the Merchants Payments Coalition, we are writing to bring your attention to the recent decision – and subsequent reversal – by Amazon to stop accepting Visa credit cards in the United Kingdom because of the high fees charged to process transactions.

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MPC IN THE NEWS

January 12, 2022

Merchant Group Prods Fed on Debit Routing Proposal

The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.

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January 11, 2022

Merchants Call on Fed to Complete Work on Debit Routing and Fees as Senate Holds Confirmation Hearing on Powell

s the Senate holds confirmation hearings on another term for Federal Reserve Chairman Jerome Powell, the Merchants Payments Coalition today called on the Fed to finalize its proposal making it clear that merchants can choose which payment networks process debit card transactions and to also update its out-of-date debit card swipe fee regulations.

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MPC IN THE NEWS

December 22, 2021

Make Credit Card Companies Play by the Same Rules as Other Businesses

While many Tennessee retailers were struggling to survive the pandemic last year, big banks and credit card companies raked in over $100 billion nationwide by skimming hidden “swipe” fees off the top every time consumers used a credit or debit card to pay.

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MPC IN THE NEWS

November 23, 2021

Credit Card Fees Driving Thanksgiving Inflation

As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.

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MPC IN THE NEWS

November 23, 2021

Swipe Fees Help Drive Thanksgiving Inflation

Swipe fees are a significant contribution to rising holidays costs, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.

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November 22, 2021

Merchants Say Credit Card Fees are Helping Drive Thanksgiving Inflation

As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, the Merchants Payments Coalition said today.

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