In The News
December 23, 2022
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.
December 21, 2022
“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.”
December 21, 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.
December 20, 2022
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.
December 19, 2022
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.
December 19, 2022
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.”
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 16, 2022
“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.
December 15, 2022
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.
December 15, 2022
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.