FMI Welcomes State Legislation on Interchange Fees

ARLINGTON, Va. -- The Food Marketing Institute here yesterday reported that 17 bills have been introduced this year in 10 states targeting "excessive, hidden" interchange fees.

ARLINGTON, Va. -- The Food Marketing Institute here yesterday reported that 17 bills have been introduced this year in 10 states targeting “excessive, hidden” interchange fees. "Retailers welcome state scrutiny of credit card company abuses, especially measures to require full disclosure and reduce interchange fees," said FMI President and Chief Executive Officer Tim Hammonds. "For too long, Visa, MasterCard and their card-issuing banks have fixed interchange fees under the c

Register to view the full article

test - Advanced Registered User

Already a member? .