Resources

Below, EPC sets the record straight on credit and debit card routing, dispelling the myths that the National Association of Convenience Stores (NACS) propounds on the topic.

With gas prices on the rise, many are wondering why gas stations are placing transaction holds on their credit or debit card. Below, we break down what happens when you fill up your tank with your card, and why holds are applied.

Today, the Electronic Payments Coalition (EPC) released its 2022 Q2 Data Dashboard, providing a quarterly update on various data related to the credit and debit card system, including interchange and merchant discount rates, BNPL, electronic payments, and consumer stress. This quarter’s Dashboard features the impact of record-high levels of inflation on the electronic payments ecosystem.

The Merchants Payments Coalition (MPC) has routinely contacted Congress and the media over the last two years. MPC’s messaging to lawmakers, unfortunately, has gone from half-truths to outright fabrications. It takes only a few minutes of research to discover the reality behind the mistruths that MPC routinely spreads to mislead members of Congress. Here are just a few of their biggest whoppers.

Big-box retailers and merchant coalitions are once again asking Congress to gift them ANOTHER government handout by enacting artificial price caps on credit card interchange rates. But if you listen to what merchants are saying about the value of electronic payments in their own words, you’ll see that retailers are actually making record profits with the help of digital payments.

Today, the EPC released its Q1 2022 Data Dashboard, providing a quarterly update on various metrics related to the electronic payments industry. This quarter, the Data Dashboard discusses Buy Now, Pay Later, contactless cards, e-commerce, and interchange. Read the full report below.

For merchants and consumers, when it comes to the costs and benefits of choosing a form of payment, credit and debit cards are the clear-cut winner. Check out EPC’s latest infographic which highlights the incredible value for consumers and low costs for merchants of accepting credit and debit cards.

On January 19, 2022, the Merchant Payments Coalition (MPC) sent a letter to the U.S. Senate Committee on Banking, Housing, and Urban Affairs, highlighting Amazon’s decision to accept Visa credit cards in the U.K. The MPC argued that the U.S. should impose price controls on credit card interchange. In doing so, the letter makes numerous inaccurate claims about interchange. These claims have been debunked below.

Corporate, big-box retailers, and convenience store chains are at it again trying to sell members of Congress on the idea that they need interchange price controls. Don’t buy it. Their arguments don’t hold up against the facts. Check out EPC’s latest infographic that sets the record straight about the consequences of price controls on interchange.  To download full infographic, click here.