Retail Groups Seek to Protect Merchants in Ongoing Credit Card Interchange Litigation
NRF and RILA have asked to intervene in class-action litigation against Visa and Mastercartd over credit card fees.
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Credit Card Fees
Retailers welcome DOJ challenge to Visa acquisition of Plaid
NRF believes Visa takeover of Plaid would threaten competition in the payments market.
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Coronavirus leads to more use of contactless credit cards and mobile payments despite cost and security concerns
With consumers worried about touching surfaces during the pandemic, no-touch payments have increased.
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Retailers say US should follow UK example on anticompetitive credit card swipe fees
NRF welcomed a UK ruling that the way Visa and MasterCard set credit card "swipe" fees violates European Union law.
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Swipe Fees
Credit and debit card swipe fees cost retailers and their customers more than $170 billion each year.
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