MPC IN THE NEWS

February 18, 2022

Swipe Fees Need to Be Addressed, Say Merchants

The Merchants Payments Coalition (MPC) is asking U.S. officials to address credit card swipe fees once again following the announcement that Amazon has agreed to continue accepting Visa credit cards in the United Kingdom.

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MPC IN THE NEWS

February 17, 2022

The Amazon vs. Visa Standoff Is Over: Two Companies Come To An Agreement

Amazon and Visa have reached an agreement after a long-running dispute over huge credit card fees, so U.K. consumers who want to use Amazon can rest easy knowing there will not be a ban on Visa card payments.

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MPC IN THE NEWS

February 17, 2022

Mastercard Names 16 Partners to Its Real-Time Digital Payments Program

Mastercard has chosen 16 companies to take part in its the Mastercard Send Partner Program, designed to help banks, FinTech providers and system integrators deliver more convenient and secure real-time digital payments to their customers.

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MPC IN THE NEWS

February 17, 2022

Visa, Amazon settle fee dispute

Amazon and Visa today officially ended their spat over the card company’s fees paid by U.K. credit consumers, a disagreement that had threatened to spill over to the U.S. and other markets.

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PRESS RELEASES

February 17, 2022

Merchants Renew Call for U.S. Action on Credit Card ‘Swipe’ Fees After Amazon and Visa Resolve Dispute in UK

The Merchants Payments Coalition renewed its call for U.S. officials to address credit card “swipe” fees following today’s announcement that Amazon has agreed to continue accepting Visa credit cards in the United Kingdom.

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PRESS RELEASES

February 17, 2022

Merchants Tell Congress Credit Card ‘Swipe’ Fees Place Small Businesses at a ‘Distinct Disadvantage’

The Merchants Payments Coalition urged Congress to protect small businesses against rising credit card “swipe” fees as the House Financial Services Committee held a hearing today on ensuring that small and minority-owned businesses share in the nation’s economic recovery.

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MPC IN THE NEWS

February 16, 2022

Decline of Cash Spotlights Swipe Fees

The shift away from cash is welcome news for card networks and banks. But it’s bad news for merchants and their customers, writes National Retail Federation Vice President Leon Buck.

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MPC IN THE NEWS

February 01, 2022

Merchants Association Cites Visa Study in Calling for Lower Fees

A new study by Visa shows the importance of bringing under control “swipe” fees charged to process credit and debit cards as consumers and small businesses move away from cash and the fees exacerbate record inflation in consumer prices, the Merchants Payments Coalition said this week.

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PRESS RELEASES

January 27, 2022

Merchants Say Visa Study on Increasing Use of Credit Cards Shows Need to Bring Fees Under Control

A new study by Visa shows the importance of bringing “swipe” fees charged to process credit and debit cards under control as consumers and small businesses move away from cash and the fees exacerbate record inflation in consumer prices, the Merchants Payments Coalition said today.

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MPC IN THE NEWS

January 27, 2022

Merchants Call to Bring Swipe Fees Under Control as Card Use Increases

Sixty-four percent of small businesses surveyed expect to go cashless over the next decade, while 41% plan to not accept cash within the next two years, according to a new study by Visa. Eighteen percent of small businesses are already cashless. The Merchants Payments Coalition (MPC) says these findings by Visa show the importance of bringing swipe fees under control, as Americans move to more digital forms of currency.

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