Douglas Kantor, partner with NACS’ counsel, Steptoe & Johnson
With billions of dollars at stake, the battle over debit/credit card swipe fees is heating up. A 2016 ruling threw out the proposed $7 billion settlement, and banks are seeking to overturn elements of the reform that has saved consumers an estimated $6 billion/yr. We separate fact from fiction and tell retailers what they need to know about this issue.
Carolyn Schnare, Director of Strategic Initiatives, NACS and Jeff Lenard, Vice President of Strategic Industry Initiatives, NACS