Merchants Gain Nothing From Interchange, Report Says

WASHINGTON - The Merchants Payments Coalition here yesterday said an independent new report confirms that "merchants get nothing" out of programs that constitute nearly half of the $30.7 billion in credit and debit card interchange fees Visa and MasterCard collect annually in the United States.

WASHINGTON - The Merchants Payments Coalition here yesterday said an independent new report confirms that "merchants get nothing" out of programs that constitute nearly half of the $30.7 billion in credit and debit card interchange fees Visa and MasterCard collect annually in the United States. "A New Business Model for Card Payments," issued by Chicago's Diamond Management and Technology Consultants, noted that "processing -- the original reason for interchange -- comprises

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