Discover the potential game-changer for the credit card payment landscape in the U.S. with the reintroduction of the Credit Card Competition Act (CCCA) ?? Scott Conti, Bankbrokers US CEO, explores the implications, benefits, and concerns surrounding this legislation in our latest article. ?? Understanding the CCCA: The #CCCA targets the duopoly of Visa and Mastercard, aiming to break their tight grip on the credit card network market. According to data from the SEC, between the two they make up over 75% of the network market. ?? It proposes a rule requiring banks and credit unions with $100+ billion in assets to support at least two card networks, fostering more competition. ?? Delve into our article below and explore what the CCCA can mean for retailers and consumers. ?? For more information on how Bankbrokers can assist in optimizing merchant services, benchmarking, and navigating market changes, contact Scott Conti at [email protected] or visit bankbrokers.us #creditcardcompetitionact #cardprocessing #visa #mastercard
