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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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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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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TV Ad Says Congress Should Pass Credit Card Competition Act 'For Happier Holidays'
Soaring credit card “swipe” fees are limiting what consumers can afford to buy this holiday season, according to a new TV commercial unveiled by the Merchants Payments Coalition.
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Topeka Capital-Journal: Credit Card 'Swipe' Fees Are 10 Times Hollywood Box Office Receipts
Like other businesses, swipe fees are one of a theater's highest expenses and, across retail, drove up prices for the average family by $900 last year, according to the Merchants Payments Coalition.
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