Merchants Payments Coalition

“Credit card swipe fees are not set based on a competitive market and have grown out of control,” Asian American Hotel Owners Association President and CEO Laura Lee Blake says in a letter calling on Congress to pass the #CreditCardCompetitionAct. AAHOA #creditcard #swipefees https://lnkd.in/eezXf7aY

Merchants “would have added quite a bit to the case in terms of demonstrating the false claims that banks were making” about Illinois’ ban on #creditcard #swipefees on #salestax and tips, MPC Executive Committee member and NACS General Counsel Doug Kantor says. Illinois Retail Merchants Association JB Pritzker Crain's Chicago Business

The #CreditCardCompetitionAct “is a bipartisan, free market-based legislative fix to arbitrarily high #swipefees” and “the highly competitive nature of the retail industry means these savings will be shared with consumers,” MPC Executive Committee member and National Retail Federation Senior Director of Government Relations Dylan Jeon says. #creditcard

“What Visa does to dominate #creditcards and hold back innovation is even worse than what it does with #debitcards.”Adams County (Ohio) Treasurer and restaurant owner Ric Wasserman says. The Well News #swipefees #CreditCardCompetitionAct Bernie Moreno Jon Husted

Banks and #creditcard companies “seeking to protect their ability to unilaterally raise swipe fees on businesses and consumers” are behind a bill to kill Illinois’ ban on #swipefees on #salestax, Illinois Retail Merchants Association President and CEO Rob Karr says. JB Pritzker Digital Transactions

November's Senate Judiciary Committee hearing on the #CreditCardCompetitionAct “showed there was a lot of support across the aisle and even skeptics indicated it would pass. It is just a question of when,” MPC Executive Committee member and NACS General Counsel Doug Kantor says. Digital Transactions #creditcard #swipefees

“Marylanders' tax dollars should not be siphoned off to #WallStreet” by high #creditcard #swipefees on top of #salestax, MPC Executive Committee member and NACS General Counsel Doug Kantor told state legislators at a The Maryland General Assembly hearing on legislation to ban swipe fees on sales tax. #CreditCardCompetitionAct Convenience Store News Gov. Wes Moore Maryland Retailers Alliance

With Senator Richard Durbin planning to reintroduce the #CreditCardCompetitionAct soon, “Even skeptics believe it will pass, and it’s just a matter of time,” MPC Executive Committee member and NACS General Counsel Doug Kantor says. #creditcard #swipefees Payments Dive

Maine state Rep. Karen Montell says Congress should pass the #CreditCardCompetitionAct to “lower the exorbitant #swipefees that negatively impact #smallbusinesses and raise prices for consumers.” CentralMaine.com #creditcard

Extending tax cuts and addressing “the dirty secret” of #creditcard #swipefees by passing the #CreditCardCompetitionAct would “deliver a powerful one-two punch for small business growth,” Job Creators Network Foundation President Elaine Parker says. Los Angeles Daily News