The issue of interchange fees found an audience at the Georgia House Banks and Banking Committee, which listened to testimony last week on HB 1456-a bill that deals with the subject of interchange fees. Often late session bills are buried in subcommittees, but significantly Committee Chairman James Mills, who co-sponsored the bill, allowed the…
Kum & Go Fights Interchange Fees
Kum & Go, L.C. has collected more than 40,000 signatures from customers wanting to control and reduce credit and debit card swipe (or interchange) fees put on customer transactions. The signatures were collected in one month from all Kum & Go stores as part of NACS’ Fight Swipe Fees petition drive. “Kum & Go joined…
Vermont State Offers Amendment on Interchange Fees
The state of Vermont is proposing an amendment to S. 138 being introduced today in the Vermont Senate. This amendment would allow merchants to set minimum and maximum transaction amounts for all debit, credit and charge card transactions, permitting them to reject a customer’s card. The Electronic Payments Coalition has spoken out against the amendment…