Tag Archives: swipe fees

Ever since debit card swipe fees were capped by the Federal Reserve two years ago, banks have made the same unfounded claim over and over – that retailers would simply pocket the savings rather than pass them along to their customers. Anybody who knows retail knows that simply couldn’t be true. Retail is one of […]

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Wrapping up National Small Business Week, it’s appropriate to recognize that there are decisions being made by policymakers every day in Washington that have an impact on small retail businesses and the contributions they make to the American economy.  These issues have a very real impact on Main Street retailers that support our communities and […]

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Writing about the average legal brief – and making it sound interesting – usually isn’t easy. Phrases like “statement of objection to final approval of the proposed Rule 23(B)(2) agreement” or “See Section I.D.1-3” just aren’t the “Four score and seven years ago” or “December 7, 1941, a date which will live in infamy” of […]

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When I first got “volunteered” to do PR on swipe fees half a dozen years ago, I thought this was a subject for what my old boss on Capitol Hill used to call “green eye-shaded accountants.” Who could care about a couple of percentage points on a credit or debit card transaction? But when I […]

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Consumers have heard a lot lately about how retailers have supposedly begun imposing a surcharge for credit card use. What they probably haven’t seen, however, are any actual surcharges. That’s because the surcharge scare that has erupted across the country is a propaganda campaign staged by the card industry in an attempt to divert attention […]

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The National Retail Federation has a first-class government relations department dedicated to defending and pursuing the retail industry’s public policy priorities and interests. But you don’t have to take my word for it. Recently, two of NRF’s government relations staff were named tops in their industry. For the second consecutive year, The Hill newspaper named […]

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A year after debit card swipe fee reform took effect, shoppers aren’t necessarily seeing signs in stores that say “debit discount.” But that doesn’t mean retailers aren’t passing along savings of up to $18 million a day. “Depending on the store, shoppers are paying lower prices, getting better service or avoiding price hikes that otherwise […]

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Just as the Shop.org Annual Summit has grown in strength and popularity over the past ten years – increasing ten-fold from just 400 attendees in 2002 to over 4,000 in 2012 – the online retail industry has boomed as well. E-commerce has grown from a $40 billion dollar industry in 2002 to an anticipated $225 […]

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The $7 billion settlement in a retail industry lawsuit over Visa and MasterCard swipe fees announced over the weekend was initially reported as a victory for retailers. But as NRF and retail companies have begun to look more closely at the proposed deal, it’s not clear that there would be much long-term impact on the […]

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What did NRF accomplish this year?

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