Electronic Payments Coalition |
How the Big-Box Bill (S. 1838/H.R. 3881) Undermines Credit Card Security and Innovation
Senator Dick Durbin (D-IL) and his big-box retailer allies are back to their old tricks. This time, they’re trying to pass their disastrous Big Box Bill (S. 1838/H.R. 3881) under the guise that this legislation would increase competition in the payments ecosystem. In reality, their bill would devastate security and innovation within the credit card market.