Maintaining strong risk-mitigation technologies has never been more important for the banking industry, but “big box” merchant lobbyists are attempting to disrupt advances in card fraud mitigation efforts.
While merchants are pushing for the cheapest routing options of card transactions and expansion of the Durbin Amendment provisions to credit cards, these misguided efforts would undermine investments in protections and security that defend cardholders from criminal activity.
More Updates
How the “Credit Card Competition Act” Would End 250-Million Co-Branded Card in the U.S.
Electronic Payments Coalition
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General
Congress Should Repeal The Durbin Amendment, Not Expand It To Credit Cards
Forbes
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EPC Chairman Jeff Tassey: Expanding Interchange Regulations Will Hurt Consumers Again
Electronic Payments Coalition
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EPC Statement for the Record – May 4, 2022 Senate Judiciary Committee Hearing
Electronic Payments Coalition
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