Merchants Payments Coalition

Lower #creditcard #swipefees under the #CreditCardCompetitionAct “would enhance tourism instead of hindering it, making Nevada an even more attractive destination” and “would benefit everyone, from the small business owner to the global traveler," National Federation of Independent Business (NFIB) State Director Tray Abney says. Las Vegas Review-Journal

With #creditcard #swipefees rapidly rising, merchants are “facing a point of desperation” and “No matter what, these costs get passed on to consumers,” NACS General Counsel Doug Kantor says. #CreditCardCompetitionAct WMAR-TV Mug & Mallet

“Big banks and their partners have flooded the zone with claims bordering on the hysterical” about Pennsylvania’s bill to ban #creditcard #swipefees on sales tax but “the claims are misleading at best,” grocer Tom Charley says. Office of Governor Josh Shapiro Pittsburgh Post-Gazette

Claims that the #CreditCardCompetitionAct would wipe out Visa and Mastercard #creditcardrewards are “outright laughable given the immense profits they are generating,” Americans for a Modern Economy Senior Adviser Joe Kefauver says. Boston Herald #creditcard #swipefees

“Fees paid to the #creditcard companies are self-inflating” and “an ever-growing cancer on the body of businesses … that affects not just the business but we the customers as well,” law professor Gary Beatty says. #CreditCardCompetitionAct #swipefees #debitcard

"This settlement was never agreed to by the #retail industry as a whole and would have done nothing to end anticompetitive practices and fix our nation's broken #payments market," MPC Executive Committee member and National Retail Federation Chief Administrative Officer and General Counsel Stephanie Martz says. #CreditCardCompetitionAct Fox Business Network Visa Mastercard #creditcard #swipefees

Colorado cleaning contractors Javier Gaspar and Jesus Gaspar don’t take #creditcards because “our business either would eat the #swipefees or pass them on. Neither is acceptable.” They want Senator Michael Bennet and Senator John Hickenlooper to back the #CreditCardCompetitionAct. Colorado Politics PERFECT SERVICE CLEANING CONTRACTORS

If Visa and Mastercard can voluntarily agree to 0.3% #swipefees for U.S. #creditcards used in Europe, why do they insist on 2-4% for the same cards when they’re used in the U.S.? It’s time to pass the #CreditCardCompetitionAct. Reuters News Agency

“The #creditcard industry does not understand the extent of the problem with their business model,” MPC Executive Committee member and NACS General Counsel Doug Kantor says. #swipefees #CreditCardCompetitionAct Visa Mastercard Modern Retail

“A trial has huge value because it shows the public and merchants the situation is worse than thought and that card-issuing banks do business in violation of antitrust laws,” MPC Executive Committee member and NACS General Counsel Doug Kantor says. #CreditCardCompetitionAct #creditcard #swipefees Digital Transactions Visa Mastercard