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Electronic Payments Coalition |

The Biggest Whoppers that the Merchant Payments Coalition Has Told Congress

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.
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EPC Study Reveals How the Durbin Amendment Tipped the Scales at the Expense of Consumers

A new report from the Electronic Payments Coalition gathers the findings of over a dozen studies into one place, showing the Durbin amendment’s interference in a traditional two-sided market. While proponents of the Durbin Amendment claimed it would help consumers by allowing merchants to offer lower prices, consumers have yet to see any real benefit seven years since it took effect. That’s not the only way consumers have been left footing the bill for the Durbin amendment, however. In the years since, they’ve also had restricted access to free checking and scaled back rewards programs. Click here to download the report and take a closer look at how the Durbin amendment has failed to live up to its promises.
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Electronic Payments Coalition |

Myth vs. Fact: Setting the Record Straight on Interchange Price Controls

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.
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Electronic Payments Coalition |

Infographic: When It Comes to Electronic Payments, Don’t Buy What Big-box Retailers and Convenience Stores Are Selling

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.
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ICLE |

The Effects of Price Controls on Payment-Card Interchange Fees: A Review and Update

In March 2022, the International Center for Law and Economics (ICLE) published a study analyzing the effects of price controls on payment-card interchange fees. Examining 20 years of previous literature and data, the ICLE concludes that these regulations slowed innovation, decreased the efficacy of payment systems, and reduced benefits, particularly for lower-income consumers. The full study can be found below.
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