Businesses urge Congress to retain swipe fee reform

//Businesses urge Congress to retain swipe fee reform

Businesses urge Congress to retain swipe fee reform

gallery06More than 620 businesses have signed a letter asking congressional leaders not to overturn the swipe fee reform outlined in the Durbin Amendment, NACS reports.

The letter calls the reforms “critical” to businesses and customers, further stating: “The debit card fee and rule reforms prescribed in Section 1075 of the Wall Street Reform and Consumer Protection Act have provided significant relief to Main Street businesses from anti-free market practices employed by global credit and debit card brands.”

The reform has led to consumer savings of nearly $6 billion a year, according to the article. Read more here

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By |2018-10-10T11:22:34-04:00December 15th, 2016|Industry News|

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