Swipe Fees Will Add $2.5 Billion to Back-to-School Spending
For the average family that equates to the cost of a backpack or a lunchbox.
Source: convenience.org
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For the average family that equates to the cost of a backpack or a lunchbox.
The urgency to address swipe fees amid near-record inflation is more pronounced than ever.
Durbin told the Senate that the fees are anticompetitive and are a cost to Americans.
Visa and Mastercard’s market power hurt American businesses, NACS general counsel says.
The key ingredient for pizza costs 16% more than a year ago, and higher fuel prices mean credit card firms get a bigger slice of fees.