National Retail Federation Calls on Visa, Mastercard to Withdraw Credit Card Swipe Fee Increases
The National Retail Federation (NRF) has pushed both Visa and Mastercard to cancel credit card swipe fee increases scheduled to take effect this month, following the calls of members of Congress saying higher fees would add to inflation.
“American consumers are struggling under the worst inflation in four decades and these increases would only make the situation worse,” NRF Vice President for Government Relations, Banking and Financial Services Leon Buck said. “Swipe fees are a percentage of the transaction, so banks and...
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