Megaretailers like Walmart, Target, and Home Depot are working to convince their allies in Congress to pass corporate welfare legislation paid for by American consumers. These Main Street job killing corporations want to impose new government mandates on how retailers process credit cards. While that might seem innocuous enough, it means the data and fraud protection you expect; rewards you use to pay for everyday items like gas and groceries; and convenience you have come to expect when using a credit card would all go away. Of course they aren’t telling you this, but here are the facts…
More Resources
Letter: Financial Trades Call on Fed to Reject Requests for Changes to Debit Card Interchange Fees
Electronic Payments Coalition
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Letters
Correcting Merchant Claims About Card Fraud
Electronic Payments Coalition
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The Two Biggest Myths of the Durbin-Marshall “Big Box Bill”
Electronic Payments Coalition
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