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Electronic Payments Coalition |

Doomed to Fail: The Consequences
of the Original Durbin Amendment

Since its last minute addition to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the original Durbin Amendment has continuously failed consumers. Congress should avoid repeating history and work to stop the Credit Card Competition Act of 2022. Below is a snapshot of some of the headlines highlighting the broken promises made by retailers about passing savings from routing mandates to consumers.
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Electronic Payments Coalition |

EPC Corrects NRF’s Talking Points on Harmful Credit Card Routing Bill

There have been a lot of misleading claims and flat out mistruths that have been published recently from merchant and retail special interest groups about recently proposed credit card routing mandates. In order to set the record straight, the Electronic Payments Coalition wanted to help correct some talking points that retailers are sending to members of Congress about the Credit Card Competition Act.
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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 |

The Value of Electronic Payments: Merchants in Their Own Words

Big-box retailers and merchant coalitions are once again asking Congress to gift them ANOTHER government handout by enacting harmful credit card routing mandates that will undermine fraud security and hurt consumers. But if you listen to what merchants are saying about the value of electronic payments in their own words, you’ll see that retailers are actually making record profits with the help of digital payments.
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