The Credit Card Swipe Fee War , Main Street Retailers Take on Visa and Mastercard

Independent Grocers Conclude Successful Fly-In for Fair Competition, Deliver Bipartisan Call to Pass the Credit Card Competition Act

Community grocers from across the country urge Congress to rein in swipe fees that drive up grocery prices for American families  Washington, D.C. – The National Grocers Association (NGA) today concluded a successful Fly-In for Fair Competition, bringing independent grocers from communities across the country to Capitol Hill to press lawmakers for swift action on the bipartisan Credit Card Competition Act (S.3623/H.R.7035). Over the course of th…

The Credit Card Swipe Fee War , Main Street Retailers Take on Visa and Mastercard

Nearly every American checkout counter has a particular moment that frequently goes unnoticed. You give your card a tap. The terminal emits a beep. The transaction is cleared. The merchant just paid a fee to a network of banks and processors set up behind the two businesses that operate the system in the milliseconds that passed between those two events. This fee typically ranges from 1.5% to 3.5% of the total amount you spent. The vast majority…