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Electronic Payments Coalition |

Myth vs. Fact: Setting the Record Straight on Credit and Debit Routing

On October 19, 2021, Payments Dive published an op-ed by Doug Kantor advocating increased government regulation in the electronic payments industry, entitled, “Retailer groups urge credit swipe routing changes.” The piece makes several faulty claims about interchange as well as credit and debit routing, which are consistently repeated across a multitude of media outlets and groups in opposition to the EPC. These claims have been addressed below.
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Electronic Payments Coalition |

Routing Explained: Credit vs. Debit Networks

Electronic payment routing—whether through debit or credit networks—is a complex process. The merchant, merchant processor, network, and issue processor all play integral roles in authorizing and approving electronic payment transactions. The below explainer on routing provides an in-depth look behind-the-scenes of what occurs when a consumer uses their credit or debit card to make a purchase.
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Joint Letter Responding to State Legislation that would Prohibit Interchange on the Sale Tax Portion of Electronic Transactions

On October 20, 2021, the Electronic Payments Coalition, alongside eight other undersigned organizations, penned a joint letter to members of the Wisconsin Assembly Committee on Financial Institutions, including Chairwoman Cindi Duchow and Vice-chair Terry Katsma. In the letter, the coalition urged the committee to reject legislation designed to prohibit interchange on the sales tax portion of electronic payments transactions, contending that such legislative proposals are unworkable and would exacerbate current COVID-19 challenges.
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