Card interchange fees have fierce defenders and heated detractors. Turn on the financial news, and commentary might touch on whether cards are “free” — and who ultimately pays the price. Legislation is winding its way through Congress, most visibly with the Credit Card Competition Act....
It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange. The latest attempt, spearheaded by U.S. Senators Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.), is intended to pass a law that challenges the interchange...
The Merchant Payments Coalition (MPC) sent a letter on Wednesday (Jan. 19) to the U.S. Senate Committee on Banking, Housing and Urban Affairs to highlight Amazon’s decision and reversal regarding the acceptance of Visa credit and debit cards in the U.K. In November, Amazon said...
October 10, 2022
It’s a movie that everyone in the payments industry has seen at least once: Merchants challenging the card networks over interchange. The latest attempt, spearheaded by U.S. Senators Richard Durbin (D-Ill.) and Roger Marshall (R-Kan.), is intended to pass a law that challenges the interchange fees set by Visa and Mastercard. A challenge that does […]
January 19, 2022
The Merchant Payments Coalition (MPC) sent a letter on Wednesday (Jan. 19) to the U.S. Senate Committee on Banking, Housing and Urban Affairs to highlight Amazon’s decision and reversal regarding the acceptance of Visa credit and debit cards in the U.K. In November, Amazon said that it was dropping acceptance of Visa due to high […]
