Skip to content



EPC Promises to Continue Fighting for Consumers on Durbin Amendment 10th Anniversary

July 21st marks the tenth anniversary of the Dodd-Frank Act, which included the Durbin Amendment’s price controls on debit cards. EPC marks the day by promising to continue fighting back against the failed policy. “Ten years after the signing of Dodd-Frank, the Durbin Amendment continues to be an abysmal failure that hurts consumers, small businesses, credit unions and community banks,” said Jeff Tassey, chairman of the board of the Electronic Payments Coalition (EPC). “Retailers promised to pass savings on to consumers, but big-box stores have instead pocketed billions of dollars and raised prices while consumers saw free checking accounts and popular debit card rewards programs vanish.” Retailer special interest groups continue to defend the policy despite more than a dozen studies showing the price controls’ failures. Furthermore, since 2012, issuers have lost more than $90 billion in interchange revenue — including an estimated $14 billion in 2019 alone. “A decade later, these same retailers are pushing to expand price controls even further. Any increase in price controls would devastate consumers and financial institutions by risking investment in innovation,” Tassey remarked. “These investments are responsible for state-of-the-art technology like contactless payments, which have become indispensable during the coronavirus pandemic.” EPC urges
Electronic Payments Coalition |

New EPC Study Reveals Value of Rewards Cards for Consumers and Merchants

A new report from the Electronic Payments Coalition shows the value of debit and credit card rewards programs for merchants and consumers across all income levels. It also describes the dynamics of a two-sided market where a platform or service serves multiple end-users, which in the case of rewards cards includes cardholders and consumers. This study found that the value derived from using the electronic payments system depends on the extent to which both groups participate. Click here to download the report and take a closer look at the benefits rewards card programs provide for merchants and consumers.

Electronic Payments 101: Transactions Made Easy

Have you ever thought about what happens when you use your card at the register? Or buy a product online? Behind the scenes, four groups work together to make this complex transaction easy and secure. Up until the 1950s, we had to rely on cash and bartering to buy goods. Luckily, now we have electronic payments system, and millions of people rely on it every day to make purchases. But in order to make these transactions possible, the merchant’s bank, your bank or credit union, the card network, and the processor all must work together to approve your payment and purchase. Learn what this all means in our new quick and informative video.