HBS Dealer: Visa hit with DOJ lawsuit
“This is further evidence that Visa has regularly blocked competition in the debit card market,” MPC Executive Committee member and National Association of Convenience Stores General Counsel Doug Kantor said. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions. While this case is focused on debit cards, it shows how we desperately need competition over credit card swipe fees, which currently face no competition at all.”
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CSP Daily News: Justice Department Sues Visa for Monopolizing Debit Markets
The Merchants Payments Coalition (MPC) welcomed lawsuit against Visa. “This is further evidence that Visa has regularly blocked competition in the debit card market,” MPC Executive Committee member and National Association of Convenience Stores (NACS) General Counsel Doug Kantor said. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions. While this case is focused on debit cards, it shows how we desperately need competition over credit card swipe fees, which currently face no competition at all.”
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Payments Dive: DOJ suit accuses Visa of illegal debit payment monopoly
The Merchants Payments Coalition, a group of merchants, including retailers, convenience stores and supermarkets, said it welcomed the lawsuit. “This is further evidence that Visa has regularly blocked competition in the debit card market,” said Doug Kantor, an executive committee member of the coalition, and the general counsel for the National Association of Convenience Stores. “Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions.”
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Chain Store Age: Department of Justice sues Visa for alleged debit payment monopoly
In an official statement, Merchants Payment Coalition executive committee member and National Association of Convenience Stores general counsel Doug Kantor said this suit is evidence that Visa has been blocking competition in the debit card market. "Visa has relentlessly flouted the law to maintain a monopoly over setting fees for transactions made with cards issued under its brand and for processing those transactions," Kantor said in the statement. "While this case is focused on debit cards, it shows how we desperately need competition over credit card swipe fees, which currently face no competition at all."
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MPC Radio Ad: Senator Marshall says CCCA Will 'End the Grip Visa and Mastercard Have on Us'
Senator Roger Marshall says, "Every time you use your credit card, they charge you a hidden fee called a swipe fee, and they've been raising it without even telling you." The Credit Card Competition Act "would help end the grip Visa and Mastercard have on us" but "I need your help to get this passed. I'm asking you to call your Senators today and demand they pass the Credit Card Competition Act."
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Politico Morning Money: Marshall’s swipe fee ad
Doug Kantor, an executive committee member of the Merchants Payments Coalition, said in a statement: “We’re pleased to see that Sen. Marshall is supporting his own bill. There’s nothing unusual or different about that. There’s hundreds of members of our coalition and they support lots of members of Congress. There’s nothing unusual about that either.”
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American Banker: The politics of payment fees: Harris, Trump and the future of interchang
Both the Biden and Trump administrations were relatively aggressive on antitrust issues, according to Doug Kantor, a member of the Merchant Payments Coalition executive committee and general counsel at the National Association of Convenience Stores, noting the regulatory pressure on Visa's attempted acquisition of Plaid that spanned both administrations and resulted in the deal being scuttled in 2021. And President Joe Biden has pushed for greater scrutiny of bank mergers and acquisitions, a bent toward antitrust that could spell greater pressure on card fees under a Harris administration, according to Kantor. "With the Democrats, there is a willingness to look hard at consolidation in payments," Kantor said of the concentration of power in the payments industry.
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Payments Dive: Credit Card Competition bill backers keep pressure on
The latest Marshall spot, reported earlier this week by the Washington outlet Punchbowl News, is part of a larger MPC advertising campaign promoting the bill, said Doug Kantor, an executive committee member for the Merchants Payments Coalition. “We’re always on a crusade to get it passed — if they were to vote on it today, we’re ready,” Kantor said in an interview Thursday.
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Digital Transactions: The Electronic Payments Coalition Weighs in on a Lawsuit Challenging Illinois’s Interchange Law
“It is more common to see these briefs filed in appellate court,” says Doug Kantor, executive committee member for the Merchants Payment Coalition and general counsel for the National Association of Convenience Stores. The MPC’s Kantor counters the brief is unlikely to have much influence with the court because of the merits of the Illinois law. “I doubt this will be as helpful as [the EPC] thinks, “Kantor says.
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Punchbowl New: Marshall cuts credit card ad with merchants coalition
The Senate’s top Republican sponsor of a bill targeting the credit card industry recorded a radio advertisement paid for by the Merchants Payments Coalition, a retail industry advocacy organization. In an ad recorded for and run on former Fox News personality Tucker Carlson’s The Tucker Podcast, Sen. Roger Marshall (R-Kan.) calls on Americans to “call your senator today and demand they pass the Credit Card Competition Act.”
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