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Testimony from Today's Credit Card Interchange Hearing Now Available

Testimony from today's US House Judiciary Committee Antitrust Task Force hearing on credit card interchange is now available on the task force's web site. Click on the name of the witness to access the prepared testimony.

The Merchants Payments Coalition issued a press release regarding the testimony of Mallory Duncan, Senior Vice President and General Counsel of the National Retail Federation and Chairman of the Merchants Payments Coalition. Duncan "called the collective setting of interchange fees by Visa and MasterCard a violation of federal antitrust laws that costs merchants and their customers more than $36 billion every year."

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