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Message: AMERICAN MERCHANTS WELCOME TODAY'S EU REPORT CALLING FOR CLOSER SCRUTINY OF INTERCHANGE FEES Washington, DC – January 31, 2007 – The Merchants Payments Coalition (MPC), an organization representing retailers, online merchants, and other businesses that accept credit and debit cards, welcomed today’s release of a European Union (EU) policy report that calls for closer scrutiny of competition in the European retail banking sector. The European Competition Commission report expressed concern about a number of practices the Commission believes could limit competition in the credit card business. Among the practices that worry the Commission is the “interchange fee” that banks and… Go to http://www.unfaircreditcardfees.com