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May 04, 2005

New Merchant Group Forms to Win Regulatory Relief on Interchange

Digital Transactions reports on the recently formed Merchant Payments Coalition.

After years of friction between banks and merchants over the subject, this appears to be the first organized effort by retailers to gain regulatory relief on interchange costs.

Retail Shuffle Affects Private-Label Cards

Robin Sidel reports for the Wall St. Journal on the deal making in the retail industry that's affecting private label card portfolios.

Although the private-label business can be quite profitable, retailers have been shedding the operations to focus on their core businesses. And that is having a big impact on third-party private-label companies, which include Citigroup and GE.

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