MPC IN THE NEWS

March 19, 2021

U.S. Justice Department Probing Visa Over Debit Practices

The Justice Department is looking at Visa Inc’s debit practices, the company said on Friday, after reports the United States was investigating whether the credit card company uses anticompetitive practices in the debit-card market.

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MPC IN THE NEWS

March 17, 2021

Merchant Trade Groups Press Legislative Action Against Visa, Mastercard

The Merchants Payments Coalition (MPC), another group of retailers, restaurants, gas stations and other merchants focused on the credit card fee issue, took the argument a step further, calling on Visa and Mastercard to lower their fees.

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MPC IN THE NEWS

March 16, 2021

EMV deadline nears for gas stations, but many won’t make it

The card brands are taking their last major step in the U.S. EMV migration by enforcing a liability shift at fuel stations. The April 17 deadline has been delayed multiple times — it was originally set for October 2015 — even as the rest of the country marched ahead with EMV conversions at the point […]

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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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MPC IN THE NEWS

March 16, 2021

Credit Card Swipe Fee Increases Temporarily Delayed

The Merchants Payments Coalition welcomed Visa and Mastercard’s announcement 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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MPC IN THE NEWS

March 16, 2021

Visa, Mastercard to Delay Merchant Fee Hikes Another Year

Visa Inc. and Mastercard Inc. are postponing plans to boost the fees U.S. merchants pay when consumers use credit cards online, pushing back the changes another year to April 2022 because of the pandemic.

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MPC IN THE NEWS

March 16, 2021

Card brands postpone fee hike, but merchants want interchange reform

The major card networks have postponed a planned interchange fee hike yet again in light of the reality of an ongoing pandemic, pleas from merchant groups and pressure from Sen. Dick Durbin, D-Ill. But while this one-year delay provides immediate relief, it doesn’t address the long-term concerns critics have raised over how much power the […]

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MPC IN THE NEWS

March 16, 2021

Mastercard, Visa to postpone some fee increases next month

Durbin and Rep. Peter Welch, D-VT, sent a letter to the companies this month urging them not to increase fees. The merchants’ trade group Merchants Payments Coalition has also been pressing the credit card companies to hold off on a hike that would cause retailers and merchants to pass increases to consumers.

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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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MPC IN THE NEWS

March 04, 2021

Industry ‘Pleased’ by Legislators’ Request to Cancel Swipe Fee Hike

The grocery industry has described itself as “extremely pleased” by a letter sent by federal lawmakers encouraging major credit card companies to cancel planned increases in interchange fees, also known as “swipe fees,” which food retailers maintain would be detrimental to businesses and consumers still struggling during the pandemic.

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