Retailers press hard for credit card processing reform | Supermarket News

In the latest salvo in the battle over transaction pricing between retailer organizations and payment card processors Visa and Mastercard, the Merchants Payments Coalition (MPC) is now asking lawmakers to pass legislation that would allow additional payment networks to process bank card transactions — a move the MPC hopes will create competition and potentially lower the pain of credit card swipe fees.  

The act would allow at least two unaffiliated networks to process credit card transactions that carry the Visa or MasterCard brand, such as……Click here to read the source article[read more]

Rising Dough

Rising Dough - the question(s) that we need to think about from the reading.Why is credit card reform needed?

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