PRESS RELEASES

December 23, 2022

Merchants Welcome FTC Order That Mastercard Can’t Block Routing Competition for Ecommerce Debit Transactions

The Merchants Payments Coalition welcomed today’s order by the Federal Trade Commission that Mastercard cease practices the agency says have illegally blocked merchants’ ability to route ecommerce debit card transactions over competing networks.

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MPC IN THE NEWS

December 21, 2022

Payments Dive: Card Competition Act Skids Toward 2023

“We are focused on the next session of Congress and look forward to seeing this pro-consumer, bipartisan bill become law next year,” said National Association of Convenience Stores General Counsel Doug Kantor. “With consumers and small businesses increasingly calling on Congress to do something about skyrocketing swipe fees, the question isn’t if this bill will pass but when,” said Kantor, who is also an MPC Executive Committee member. “Lawmakers know swipe fees are out of control and driving up prices for American families at a time when they can least afford it.”

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MPC IN THE NEWS

December 21, 2022

Modern Retail: Despite Widespread Retailer Support, Bill Targeting Swipe Fees Unlikely to Pass in 2022

Time is running out, which means the proposal would have to be re-introduced next year. “From my perspective, right now, it’s really just a question of when this will pass, not if it will pass,” (MPC Executive Committee member Doug) Kantor said.

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MPC IN THE NEWS

December 20, 2022

NACS Daily: Swipe Fees Could Cost Consumers $20 Billion This Holiday Season

Rising swipe fees could potentially cost consumers over $20 billion in higher prices for everything from dreidels to Christmas trees this holiday season, according to the Merchants Payments Coalition.

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MPC IN THE NEWS

December 19, 2022

Motley Fool: Credit Card Swipe Fees Could Cost Consumers $20 Billion This Holiday Season

Credit card processing fees can be a huge burden for merchants -- especially these days, with those fees on the rise. In fact, the Merchants Payments Coalition estimates that rising processing fees could cost consumers more than $20 billion this holiday season.

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MPC IN THE NEWS

December 19, 2022

Credit Unions Today: Why Won’t Santa be Able to Give Children a Barbie Doll or Lego Set This Holiday? Swipe Fees, Say Merchants as they Keep Up the Pressure

With the current session of Congress nearly over, the Merchants Payments Coalition is keeping up its pressure in support of the Credit Card Competition Act, issuing statements and backing advertising that alleges rising card “swipe fees” could “potentially cost consumers over $20 billion in higher prices for everything from dreidels to Christmas trees this holiday season.”

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PRESS RELEASES

December 19, 2022

Merchants Say Credit Card ‘Swipe’ Fees Could Cost Consumers $20 Billion During Holiday Season

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.

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MPC IN THE NEWS

December 16, 2022

Supermarket News: New TV Ad from Convenience Store Association Blasts Bank Card Fees

“At a time when Americans are suffering under the effects of inflation, they are paying even more because of hidden swipe fees levied by Visa, Mastercard and the Wall Street megabanks that issue the majority of credit cards,” Doug Kantor, MPC executive committee member and NACS general counsel, said in a statement.

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MPC IN THE NEWS

December 15, 2022

NACS Daily: Swipe Fees Limit Holiday Spending for Consumers

The Merchants Payments Coalition released a new TV commercial that explains how soaring credit card swipe fees are limiting what consumers can afford to buy this holiday season.

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MPC IN THE NEWS

December 15, 2022

Credit Unions Today: Swipe Fees Are the Real Grinch This Holiday Season, Say Merchants in New TV Spot

The ad is being sponsored by the Merchants Payments Coalition in support of the Credit Card Competition Act, which is supported by merchants and opposed by financial institutions, including credit unions. The 30-second commercial, which is being run by MPC member NACS, and as CUToday.info reported earlier, it is the latest to air as part of a seven-figure advertising campaign.

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