Merchants, Credit Card Companies Face Off on Capitol Hill Over Interchange Fees
Merchants,
Credit Card Companies Face Off on Capitol Hill Over Interchange
Fees
Retailers who claim that the large credit card payment networks
are fixing high interchange fees made their case to the House
Energy and Commerce Committee?s consumer-protection panel yesterday,
while lobbyists representing banking interests continued to
maintain that retailers want credit card services without having
to pay for them.
Hill has a good roundup of what was said and whether it
may actually spur any action.
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