In The News | Merchants Payments Coalition

MPC In the News March 03, 2021

Interchange to rise in April, but card brands offer an olive branch

Last year the major card networks decided, amid the pandemic, to hold off on adjusting interchange fees until April of 2021. This would be the most substantial change to the interchange rate structure in a decade, and the card networks have not signaled plans to delay it further.

Merchants Payments Coalition Welcomes Durbin/Welch Request for Visa and Mastercard to Cancel Fee Increase

The Merchants Payments Coalition welcomed a letter sent today by Senator Richard J. Durbin, D-Ill., and Representative Peter Welch, D-Vt., calling on Visa and Mastercard to cancel a nearly $1.2 billion increase in credit card processing fees scheduled to take effect in April.