Merchants Score Senate Win In Fight Over Card Fees – Money News Story – WSB Atlanta


A statement from the American Bankers Association said the measure would hurt banks of all sizes “because it directly inserts the government into a price-fixing role and mandates competitive inequities in the marketplace.”

But Goldstone, the photo business owner [ScanMyPhotos.com] who’s suing banks and card companies, said the tighter swipe fee restrictions would foster greater competition. Small businesses, he says, are largely at the mercy of Visa and Mastercard over the fees — his company’s third-biggest fixed expense after rent and personnel.

READ ARTICLE: via Merchants Score Senate Win In Fight Over Card Fees – Money News Story – WSB Atlanta.

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