Forbes: FTC's Mastercard Ruling is a Victory for Merchants, Consumers and Dodd-Frank
Doug Kantor, General Counsel for the National Association of Convenience Stores and MPC Executive Committee member, says “Mastercard has been particularly egregious at preventing merchants from using other networks.”
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American Banker: FTC Orders Mastercard to Open Tokens to Rival Debit Networks
"Main Street businesses thank the Federal Trade Commission for its work to ensure that Mastercard stops blocking competition for e-commerce debit card payments," said Doug Kantor, general counsel for the National Association of Convenience Stores. "More than a decade after debit reform became law, it is well past time for Mastercard and also Visa and major banks to drop all of their efforts to undermine debit card competition. We look forward to additional enforcement actions to ensure that happens."
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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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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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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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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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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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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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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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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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