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Mark Horwedel, MAG CEO, Article in PaymentsSource: "Durbin repeal's halted for now, but the merchant fight goes on"

Merchants recently gained an important win in their recent defense of the Durbin Amendment.

Lawmakers have shown little interest in taking up a debate that forced them to choose between two important constituencies, merchants and the financial services industry.

Nevertheless, large banks remain undeterred from their goal of overturning Durbin by condemning price setting and operational mandates, something merchants have had to endure for years at the hands of global payment networks and the banks that stand behind them.

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