MPC IN THE NEWS

July 24, 2021

Grocers Need Competition on Credit Card Fees

Rather than competing like other vendors, virtually all banks that issue Visa and Mastercard cards follow fee schedules set by the two networks and refuse to negotiate.

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MPC IN THE NEWS

July 24, 2021

Congress Should Better Control Swipe Fees

As a merchant who sees my pocket picked every day by Visa, Mastercard and the big banks, I strongly believe it’s time for Congress and the nation’s banking regulators to do something about the growing problem of “swipe” fees.

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PRESS RELEASES

July 14, 2021

Big Banks Should Not Be Priming the Pump to Gouge Consumers and Main Street as Card Volume Rises

The Merchants Payments Coalition today decried outrageous swipe fees pocketed by big banks, which have reported dramatic increases in credit and debit card volume this week as Main Street still struggles to recover from the COVID-19 pandemic.

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MPC IN THE NEWS

July 13, 2021

Trade Group Seeks Biden Antitrust Focus on Payments

The Merchants Payments Coalition (MPC) called on the Biden administration to include the payments industry in its federal crack down on antitrust concerns in American business.

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MPC IN THE NEWS

July 09, 2021

Colorado scraps ban on credit card surcharges

Colorado passed a new law this week jettisoning its ban on credit card surcharges, leaving only two states with such prohibitions as a nationwide legal campaign against the ban gains ground.  

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PRESS RELEASES

July 09, 2021

Merchants Welcome Biden Order on Competition and Say it Should be Applied to Payments Market

The Merchants Payments Coalition welcomed an executive order on competition signed today by President Joe Biden and called for its principles to be applied to address lack of competition in the payments market.

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MPC IN THE NEWS

June 28, 2021

Deep Dive: The Impact Of Interchange Fees And How Global Firms Can Optimize Cross-Border Payments

Plans for card network giants Visa and Mastercard to raise interchange fees in April were met with resistance among merchants and politicians, as many businesses are still working to overcome challenges wrought by the past year’s events.

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MPC IN THE NEWS

May 18, 2021

Merchants Call on Fed to Cut Debit Card Swipe Fee

The Merchants Payments Coalition called on the Federal Reserve 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.

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MPC IN THE NEWS

May 13, 2021

Fed Proposes Review of Debit Transaction Routing, but Leaves Fee Alone

The Fed will review whether a rule requiring options in routing debit transactions is being followed, but angered merchants when it kept the cost basis for a national debit fee cap unchanged.

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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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