The Electronic Payments Coalition, the group of card issuers formed to defend the existing card interchange structure, has reiterated why capping or removing card interchange in the U.S. would hurt consumers.
The group cited studies that reported capping and cutting card interchange in Australia has not cut prices on goods to consumers, as well as a Government Accounting Office study which showed the same thing. Additionally, testimony, even from some retail representatives themselves, that cutting card interchange will not necessarily lead to lower consumer prices.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.