Merchant and retail special interest groups inaccurately argue that the Durbin-Marshall credit card routing legislation would decrease fraud in the credit card market. They attempt to selectively cite Federal Reserve data to back up their claims, but the full data paints a different picture.
Keep reading below to see EPC’s latest explainer correcting merchant claims about card fraud.
More Resources
The Two Biggest Myths of the Durbin-Marshall “Big Box Bill”
Electronic Payments Coalition
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Joint Financial Sector Letter Opposing Durbin-Marshall Amendments to Military Construction, Veterans Affairs Funding Bill
Electronic Payments Coalition
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Letters
EPC Chart: Retailer Sales Rise While Interchange Remains Flat
Electronic Payments Coalition
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Studies/Reports|Survey