Every time a card terminal chirps and a sale goes through, a small slice of that purchase is quietly carved off and routed ...
Advocates encourage passage of the Credit Card Competition Act during Senate Judiciary Committee hearing. Citing data released by payments consulting firm CMSPI, RILA noted that swipe fees to process ...
Retail Insight Network on MSN

Why US retailers want new swipe fee legislation

US retail groups are urging lawmakers to reform credit card swipe fees, saying dominant networks limit merchant choice.
WASHINGTON (NEXSTAR) — Lawmakers are pushing to pass the Credit Card Competition Act, which they say would cut credit card swipe fees. From groceries to gas, any time you use a credit card there’s a ...
FMI enthusiastically endorses the reintroduction of the Credit Card Competition Act and praises Sens. Marshall and Durbin and Reps. Gooden and Lofgren for their steadfast leadership in bringing credit ...
Have you ever asked yourself why gas stations offer a cash discount when you pay to fill up your tank? The answer is: credit card swipe fees. Gas stations, or any business that accepts credit cards ...