The Merchants Payment Coalition targeted eight members of the House Financial Services Committee in an effort to persuade them to endorse an effort to curb the fees that banks charge merchants for using a credit or debit card, CongressDailyPM reported. (Subscription)
The coalition is running a six-figure ad campaign using television, radio and newspapers. Merchants have been in a long running lobbying dispute over the fees that they pay for using Visa and MasterCard networks to process credit card and debit card transactions.
Comments
To post a comment, you must provide a name and a valid e-mail address. Messages must be limited to 400 words. By using this service you agree not to post material that is obscene, harassing, defamatory, or otherwise objectionable. Although Under the Influence does not monitor comments posted to this site (and has no obligation to), it reserves the right to delete, edit, or move any material that it deems to be in violation of this rule.