Happy Day Merchants! Interchange Fees before Congress! (Again)

By John Robinson

I just came across something I’m sure you’ll all love: the potential for merchants as a group to negotiate interchange fees with the Visa and MC member banks! There’s a bill being looked at by the Judiciary Committee Antitrust Task Force called “U.S. House of Representatives bill 5546 ”, aka “Credit Card Fair Fee Act of 2008.” You’ve got to love the sound of that.

Read about it HERE .

And click on these names if you want to know more about the Merchant Payments Coalition and get involved, or the National Retail Federation , another big player for the merchants.

Now, there’ve been attempts before, so don’t get too excited. However, I would suggest that you get in touch with your representatives offices and let them know your feelings on this topic.

Well, cross your fingers!

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