Payments News

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

Aug 22, 2017
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.

Read the full article:
https://www.paymentssource.com/opinion/durbin-repeals-halted-for-now-but-the-merchant-fight-goes-on