Credit Card Interchange Fees

  • Swipe Fee Reform Applauded during House Hearing
    The provisions inside the Dodd-Frank Wall Street Reform and Consumer Protection Act that address credit card interchange fees are “an important first step” in correcting the negative impact of the anticompetitive swipe-fee structure, Chris Newton, president of the Texas ...More
    August 3, 2010
    Posted in News, Operations
  • President Signs Financial Bill, Enacts Swipe Fee Reform
    President Obama signed into law last Wednesday the financial services reform package that contains provisions to alleviate debit card swipe fees charged to retailers. The new law contains provisions known as the Durbin Amendment that provide credit card fee relief to ...More
    July 26, 2010
    Posted in News, Operations
  • Senate Passes Credit Card Swipe Fee Reform
    Retailers and consumers are about to claim victory in a decade-long battle against credit card interchange fees now that the U.S. Senate has passed a comprehensive financial reform package that includes swipe fee protections. The Senate approved the sweeping Dodd-Frank Bill ...More
    July 20, 2010
    Posted in News, Operations
  • Congress Poised to Pass Credit Card Swipe Fee Reform
    Retailers and consumers are a step closer to witnessing credit card swipe fee reform legislation now that the U.S. House of Representatives has passed the Restoring American Financial Stability Act of 2010. The House passed the financial services reform bill June 30 with a ...More
    July 6, 2010
    Posted in News, Operations
  • Senate Approves Inclusion of Swipe Fee Reform in Bill
    The U.S. Senate voted 64-33 last week in favor of adding an amendment addressing credit card swipe fees to a larger financial regulatory reform bill known as the Restoring American Financial Stability Act of 2010. Sen. Richard Durbin (D-Ill.) filed multiple amendments ...More
    May 19, 2010
    Posted in News, Operations
  • NACS Urges Retail Support for Swipe Fee Amendments
    Sen. Richard Durbin (D-Ill.) has filed two amendments to the Senate’s financial services regulatory overhaul legislation that that would make reasonable reforms to the credit and debit card systems, according to the National Association of Convenience Stores. Hank Armour, ...More
    May 3, 2010
    Posted in News, Operations
  • NACS Tells Congress Swipe Fees Hurt Small Businesses
    The credit card interchange market “is rigged to guarantee big money for the largest banking institutions” and “tighten the noose on businesses,” Dave Carpenter, vice chairman of the National Association of Convenience Stores (NACS), told the U.S. House Judiciary Committee ...More
    April 28, 2010
    Posted in News, Operations
  • 2 Million Consumers Sign Petition Opposing Swipe Fees
    The National Association of Convenience Stores (NACS) is scheduled to deliver a record-setting number of consumer signatures to Congress today in opposition to hidden credit and debit card swipe fees, also known as interchange fees. ...More
    April 27, 2010
    Posted in News, Operations
  • NACS Interactive Cartoon Depicts Cost of Credit Fees
    The National Association of Convenience Stores has released an interactive cartoon designed to educate consumers about the problem of credit and debit card swipe fees with the hope of involving them in a solution. Called interchange fees by the banks that set the rates, ...More
    April 19, 2010
    Posted in News, Operations
  • Convenience Store Sales Show Gains Despite Economy
    Convenience store product sales grew 4.9 percent last year despite the sagging U.S. economy and declines in many other retail segments. By comparison, overall retail sales fell 7 percent during the same period, according to figures released yesterday by the National ...More
    April 15, 2010
    Posted in News, Operations
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