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Eric Grover: The card fee battle makes a welcome pivot against the merchant lobby

| Payment Source

The merchant lobby and regulators seeking to reduce card-acceptance costs framed the terms of the interchange debate, focusing narrowly on merchants’ costs.

They’ve made slow but seemingly inexorable headway in courts, legislatures, and regulatory agencies imposing public-utility models rather than markets to set interchange. There are signs, however, that may be starting to change.

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