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More States Press Interchange Regulation as Illinois Legislators Contemplate Delaying the IFPA - Digital Transactions
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More States Press Interchange Regulation as Illinois Legislators Contemplate Delaying the IFPA - Digital Transactions
More states are introducing legislation exempting merchants from paying interchange on sales tax and tips. Bills are currently pending in Alaska, Massachusetts, and New York. In Alaska, the proposed bill, which was attached at the 11th hour to a bill authorizing businesses to pay employees using reloadable cards, has been put on hold until January, when the legislature reconvenes to finish its two-year session. Attaching one piece of legislation…
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