5/13/2008

The Merchants Payments Coalition is running newspaper ads aimed at making lawmakers and the public more aware of rising credit card interchange fees. "Despite increasing volume, more efficient technology, and lower losses from fraud in processing credit card transactions, credit card interchange fees in the U.S. are among the highest in the world," one of the ads reads. Interchange fees will be the focus of a May 15 House Judiciary Antitrust Task Force hearing.

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