Facts & Figures
The Fallacy of the Richmond Fed Study (5/16/17)
American Businesses and Consumers WIN with Debit Reform!
Hypocrisy Hurts:Banks Swiped the Money They Say Merchants Pocketed
Myth v. Fact on Durbin Amendment
Experts Agree – Debit Reform Enhanced Free-Market Competition
FACT: CREDIT UNIONS USE 2010 DEBIT REFORM LAW TO COMPETE WITH MEGA-BANKS
THE TRUTH ABOUT CONSUMER SAVINGS FROM DEBIT REFORM
DEBIT REFORM: REMINDERS OF THE FACTS
FACT: DEBIT SWIPE FEE REFORM INCREASES COMPETITION
FACT: SMALL BUSINESSES ARE BETTER OFF WITH DEBIT SWIPE FEE REFORM
5 Things to know about swipe fees (VIDEO)
FACT: U.S. MERCHANTS AND CONSUMERS PAY THE HIGHEST SWIPE FEES IN THE WORLD
FACT: NO FREE MARKET WITH DEBIT SWIPE FEES
FACT: CONSUMERS WIN WITH DEBIT REFORM
FACT: FREE CHECKING IS UP, NOT DOWN, SINCE DEBIT REFORM
FACT: SMALL BANKS HELPED, NOT HURT, BY DEBIT REFORM
Published Opinion Articles by Merchants and Advocacy Groups
Washington Examiner
Congress picks free markets over stuffing big banks' coffers
Chuck Bell, owner of Clothes Mentor in Plano, Texas, June 10, 2017
Morning Consult
Thank You, Congress, for Siding With Consumers and Small Business
Wogan S. Badcock III, executive vice president of government and public affairs at W.S. Badcock Corp., June 9, 2017
The Hill
Local retailer explains why saving debit-card reform is crucial to his business, your wallet
Donald Rhoads, president of The Convenience Group LLC in Vancouver, Wash., June 6, 2017
Medium
As If Retailing Weren’t Already Difficult Enough, Uncompetitive Bank Fees Make It Even Harder
Jack Kofdarali, president of J&T Management in Corona, California, May 17, 2017
Payments Source
Dumping debit regs would kill competition
Jared Scheeler, CEO and co-owner of The Hub Convenience Stores in western North Dakota, May 9, 2017
Financial Post
Canadian shoppers pay when Visa and MasterCard squeeze small business
Gary Sands, senior vice president at the Canadian Federation of Independent Grocers and chairman of the Small Business Matters Coalition., May 8, 2017
Morning Consult
Congress Shouldn’t Let Banks Kill a Reform That Saves Consumers Billions
Lyle Beckwith, senior vice president of government relations at NACS, May 4, 2017
The Hill
Congress should stand with Main Street, not Wall Street
Leslie G. Sarasin, president and CEO, the Food Marketing Institute (FMI) and Peter J. Larkin, president and CEO, the National Grocers Association, May 3, 2017
Des Moines Register
Congress should stand with Main Street, not Wall Street
Jim Henter, president of the Iowa Retail Federation, May 3, 2017
Morning Consult
Small Business Owners Depend On Debit Card Swipe Fee Reform
Swipe Fees: One Small Business Owner's Highest Paid Employee
Pamela Hammond, co-owner of Paddington Station in Ashland, Ore, April 25, 2017
Washington Examiner
Who would want to kill a reform that puts cash in your pocket?
Kyle McKeen, president and CEO of ALON Brands Inc, April 27, 2017
The Hill
Will the big banks get Congress to kill reforms that save consumers billions of dollars?
Rich Hershman, vice president of government relations for the National Association of College Stores, April 26, 2017
The Hill
Will House Financial Services do right by consumers – or banks?
Rahim Budhwani, CEO at Encore Franchises LLC and chairman of NACS, April 24, 2017
Morning Consult
Congress Considers Turning Back the Clock on an Important Reform
Greg Ferrara, senior vice president for government relations and public affairs, the National Grocers Association, April 24, 2017
The Daily Caller
The Debit Card Fight Is About More Than Just Debit Cards
Mallory Duncan, senior vice president and general counsel of the National Retail Federation and chairman of the Merchants Payments Coalition, April 21, 2017
Indianapolis Business Journal
How banks got their hands in your pocket
Jay Ricker, chairmanm Ricker Oil Co. Inc., April 8, 2017
The Buffalo News
Debit card tax would hurt state's restaurateurs
Melissa Fleischut, president and CEO, New York State Restaurant Association, April 6, 2017
South Bend Tribune
Swipe fees cost all of us
Rob Bartels, president, Martin’s Super Markets Inc., April 1, 2017
General Research Reports
*** NEW*** BANKING TRENDS: How Dodd–Frank Affects Small Bank Costs
James DiSalvo and Ryan Johnston, Federal Reserve Bank of Philadelphia Research Department, First Quarter 2016
The Costs and Benefits of Half a Loaf: The Economic Effects of Recent Regulation of Debit Card Interchange Fees
Robert J. Shapiro, Chairman, Sonecon, LLC, October 1, 2013
The Costs and Benefits of Half a Loaf: A Visual Representation
Robert J. Shapiro, Chairman, Sonecon, LLC, October 1, 2013
MPC State-by-State Analysis of Savings and Jobs from Debit & Credit Card Reform
Merchant Payments Coalition, October 1, 2013
Report on Activities Related to Section 1075 of the Dodd-Frank Act
Federal Trade Commission, December 24, 2012
Community Banks and Credit Unions: Impact of the Dodd-Frank Act Depends Largely on Future Rule Makings
Government Accountability Office, September 2012
Legislation and Congressional Testimony
H.R. 2695 - Credit Card Fair Fee Act of 2009
S. 1212 - Credit Card Fair Fee Act of 2009
View HR 2382: The Credit Card Interchange Fees Act
Read the House of Representatives report on the Credit Card Fair Fee Act from the 110th Congress
Federal Reserve Reports and Papers
The New Debit Card Regulations: Initial Effects on Networks and Banks
Federal Reserve of Kansas City (Economic Review, Fourth Quarter 2012)
By Fumiko Hayashi, senior economist
The Economics of Payment Card Fee Structure: Policy Considerations of Payment Card Rewards
Third in a series of three papers on payment card fees: What public policy options might improve the efficiency and welfare distribution in the U.S. retail payment systems?
Debit Card Interchange Fees and Routing: Proposed Rule
Federal Reserve, December 28, 2011
A Puzzle of Card Payment Pricing: Why Are Merchants Still Accepting Card Payments?
Fumiko Hayashi, December 2004
Federal Reserve Conferences
Interchange Fees in Credit and Debit Card Markets: What Role for Public Authorities?
Payments Policy Conference May 4-6, 2006
Interchange Fees in Other Countries
Review of the Impact of the Australian Payments Reforms
TransAction Resources, 22 February 2011
Development in Interchange Fees in the United States and Abroad
Terri Bradford and Fumiko Hayashi
Interchange Fees in Various Countries: Developments and Determinants
Stuart E. Weiner and Julian Wright
Competition and Credit and Debit Card Interchange Fees: A Cross-Country Analysis
Fumiko Hayashi and Stuart E. Weiner