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Doug Kantor
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Small banks, credit unions push back against Fed debit-routing proposal
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Merchants Redouble Their Efforts to Push the Fed on Debit s Routing And Pricing Rules – Digital Transactions
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Merchants Welcome Presidentâs Order on Competition
The coalition seeks to reduce U.S. swipe fees, the highest in the world.
July 15, 2021
WASHINGTON The Merchants Payments Coalition, which represents retailers and others fighting for a more competitive, transparent card system, said it welcomes an executive order on competition signed by President Joe Biden and calling for its principles to be applied to address lack of competition in the payments market.
“The clear message is that the Biden Administration supports competition across all sectors of the economy and wants to tear down barriers to fair and open markets,” said Doug Kantor, general counsel of NACS and MPC executive committee member. NACS was a founding member of the Merchants Payments Coaltion.
Visa being investigated for anti-trust violations by U S Justice Dept
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