Merchant Group Prods Fed on Debit Routing Proposal
The Merchants Payments Coalition took Fed Chairman Jerome Powell's appearance before Congress this week as an opportunity to call out the central bank's slow-moving review of a debit routing proposal.
READ MORE +
Merchants Call on Fed to Complete Work on Debit Routing and Fees as Senate Holds Confirmation Hearing on Powell
As the Senate holds confirmation hearings on another term for Federal Reserve Chairman Jerome Powell, the Merchants Payments Coalition today called on the Fed to finalize its proposal making it clear that merchants can choose which payment networks process debit card transactions and to also update its out-of-date debit card swipe fee regulations.
READ MORE +
Make Credit Card Companies Play by the Same Rules as Other Businesses
While many Tennessee retailers were struggling to survive the pandemic last year, big banks and credit card companies raked in over $100 billion nationwide by skimming hidden “swipe” fees off the top every time consumers used a credit or debit card to pay.
READ MORE +
Credit Card Fees Driving Thanksgiving Inflation
As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
READ MORE +
Swipe Fees Help Drive Thanksgiving Inflation
Swipe fees are a significant contribution to rising holidays costs, adding millions of dollars to prices paid by consumers, according to the Merchants Payments Coalition.
READ MORE +
Merchants Say Credit Card Fees are Helping Drive Thanksgiving Inflation
As Americans prepare to spend a record amount on Thanksgiving dinner and travel this year, credit card “swipe” fees will contribute significantly to the inflation seen in costs for the holiday, adding millions of dollars to prices paid by consumers, the Merchants Payments Coalition said today.
READ MORE +
Merchants Ask FTC to Investigate Card Companies’ Role in Higher Gas Prices
The Merchants Payments Coalition (MPC) has called on the Federal Trade Commission (FTC) to investigate the credit-card industry, saying interchange or swipe fees charged to process transactions have contributed to increases in gasoline prices.
READ MORE +
Merchants Ask FTC to Probe Card Firms’ Role in Gas Price Hike
The Merchants Payments Coalition yesterday called on the U.S. Federal Trade Commission to investigate the credit card industry, saying swipe fees charged to process transactions have contributed to increases in gasoline prices.
READ MORE +
Merchants Ask FTC to Investigate Credit Card Companies’ Role in Higher Gasoline Prices
The Merchants Payments Coalition today called on the Federal Trade Commission to investigate the credit card industry, saying “swipe” fees charged to process transactions have contributed to increases in gasoline prices.
READ MORE +
Lack of Competition Fuels Banks’ Hidden Credit Card Tax
Big Wall Street banks and giant credit card companies rake in more than $100 billion a year by skimming off hidden “swipe” fees every time a consumer uses a credit or debit card to pay for a purchase.
READ MORE +