OP-ED: To Support Payments Innovation, Congress Should Revisit Interchange Price Limit

Americans were dealt an incredibly difficult hand in 2020 due to the global Covid-19 pandemic and the subsequent economic fallout, where businesses shuttered and unemployment rates soared. As the pandemic stretches on, the payments industry continues to work behind the scenes to keep business running smoothly.

The payments industry — which comprises credit unions, community banks, card networks and other financial institutions and which my organization represents — has worked with government leaders across both sides of the aisle for decades to protect and advance the needs of consumers with regard to their online information. As the new administration takes up the reigns of policy, this work will continue.

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