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After Four Years, Durbin Amendment Still Failing Consumers

Electronic Payments Coalition October 2, 2015 No Comments

Four years later, the evidence against merchants continues to pile up. Four years of consumer research by Phoenix Marketing International (PMI) has found that consumers continue to say they are…

Retailers, Not Consumers, Can Celebrate Swipe Fee Anniversary

Electronic Payments Coalition October 5, 2012 No Comments

Very few stores have reduced their prices as a result of this decrease in swipe fees. Instead, the regulation has caused banks to look for additional sources of revenue to…

Consumers Are The Winners In The Visa/Mastercard Antitrust Settlement

Electronic Payments Coalition August 21, 2012 No Comments

Consumers and businesses, especially small businesses, benefit when competition and consumer choice decides winners and losers in the marketplace, not politicians. It is time to put the endless interchange litigation and…

Does law hurt or help banks, consumers?

Electronic Payments Coalition July 10, 2012 No Comments

The Durbin Amendment began with the best of intentions: it would take an overinflated charge that disproportionately impacts the poor and small businesses, and rein it in to reasonable levels.…

Small business opinion: Swipe fee changes doing little to help merchants

Electronic Payments Coalition July 9, 2012 No Comments

Despite not being legally mandated to charge less for debit card payment processing, average small-bank interchange fees fell 4.4 percent. Apparently, the downward pressure placed on large-bank fees swept those…

Forget Jamie Dimon — Congress needs to look in the mirror

Electronic Payments Coalition June 19, 2012 No Comments

How does the law’s transfer of around $8 billion a year from banks and consumers to wealthy retailers – through Senate Majority Whip Dick Durbin’s amendment putting price controls on…

Who Really Wins When Government Controls Prices?

Electronic Payments Coalition June 15, 2012 No Comments

Big-box retailers like Home Depot continue to rake in billions annually from the Durbin Amendment, while consumers don’t see savings they’ve been promised at the register. At the same time,…

Gas Stations Are Hosing Debit Card Users at the Pump

Electronic Payments Coalition April 17, 2012 No Comments

Feel like you’re getting gouged at the gas pump amid rising prices? You actually are if you’re using a debit card.

Gas Retailers Gained a $1 Billion Subsidy from Durbin Amendment

Electronic Payments Coalition April 16, 2012 No Comments

New data released today finds that gas retailers are saving a $1 billion annually at the expense of consumers, thanks to the so-called “Durbin amendment,” a provision of the Dodd-Frank…

The Durbin Amendment is Hurting Small Businesses

Electronic Payments Coalition March 14, 2012 No Comments

“Prior to government intervention, retailers paid about 1 percent per debit transaction to utilize card payment systems but now price-controlled transactions are subject to a flat rate of .23 cents…

Tag: sticky

After Four Years, Durbin Amendment Still Failing Consumers

Retailers, Not Consumers, Can Celebrate Swipe Fee Anniversary

Consumers Are The Winners In The Visa/Mastercard Antitrust Settlement

Does law hurt or help banks, consumers?

Small business opinion: Swipe fee changes doing little to help merchants

Forget Jamie Dimon — Congress needs to look in the mirror

Who Really Wins When Government Controls Prices?

Gas Stations Are Hosing Debit Card Users at the Pump

Gas Retailers Gained a $1 Billion Subsidy from Durbin Amendment

The Durbin Amendment is Hurting Small Businesses

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