The Senate is passing the #GENIUS Act w/o the #CreditCardCompetitionAct but “Support for the amendment has clearly grown to a point where the payments industry was looking to duck a vote.” #creditcard #swipefees @doug_Kantor NACS Digital Transactions tinyurl.com/268zcuxc

Groups like MPC “argue that a regulated #stablecoin would introduce long-needed competition in a market dominated by Visa and Mastercard, leading to lower costs for businesses and consumers alike.” #CreditCardCompetitionAct #creditcard #swipefees New York Post tinyurl.com/bdf5hveb

“On paper, #swipefees might seem like small change. But this hidden tax is secretly gobbling up more and more of small businesses’ bottom lines with no end in sight,” Job Creators Network CEO Alfredo Ortiz says. #CreditCardCompetitionAct #creditcard tinyurl.com/yc8ypz2w

The #CreditCardCompetitionAct “has an unusual bipartisan coalition of passionate supporters” who “have pilloried” Visa, Mastercard and big banks at a time when “none … is politically sympathetic.” #creditcard #swipefees Digital Transactions tinyurl.com/268zcuxc

The #CreditCardCompetitionAct isn’t going away: “It didn’t work out, and we’ll live to fight another day,” Sen. Dr. Roger Marshall says of efforts to attach the #creditcard #swipefee reform bill to the #GENIUSAct #stablecoin bill. Punchbowl News tinyurl.com/23na8vx6

Agreed. Small businesses and consumers have made it clear it's time to pass the #CreditCardCompetitionAct and bring fairness to #creditcard #swipefees.

"Groups led by (MPC) have said that a regulatory framework for #stablecoin would enable an alternative payment type for merchants that could significantly lower their expenses & create competition against Visa & Mastercard.” The Wall Street Journal #creditcard #swipefees tinyurl.com/2za95ma6

With merchants looking at accepting or even issuing their own #stablecoins to counter high #creditcard #swipefees, “More choice & more innovation is a good thing. …There has been no innovation in 40 years.” #CreditCardCompetitionAct NACS Daily Mail tinyurl.com/spnjkkys

“Iraqi militia groups figured out how to squeeze dollars on an industrial scale from Visa & Mastercard’s payment networks for themselves & for their allies in Iran, according to US & Iraqi officials & documents reviewed by The Wall Street Journal.” The Wall Street Journal tinyurl.com/2s4jrafu

“The reason why the fees are so high is that Visa & Mastercard each organize banks all around the country into the dictionary definition of a pricing cartel,” NACS's @doug_Kantor says. #CreditCardCompetitionAct #creditcard #swipefees Bloomberg tinyurl.com/38uxz4fs

Even w/o #CreditCardCompetitionAct, the #GENIUSAct “has won enthusiastic backing from retailers eager to explore the technology’s potential as a bargaining chip in negotiations for lower” #creditcard #swipefees “or to circumvent them altogether.” Bloomberg tinyurl.com/38uxz4fs

“This is the farthest the #CreditCardCompetitionAct has advanced & that shows there is a change in attitude happening toward the cost of taking #creditcards in our businesses…We will continue to push for these important changes" National Restaurant Association #swipefees tinyurl.com/4728yfu3

“The #CreditCardCompetitionAct makes sense & the overwhelming majority of American voters agree. Visa & Mastercard have enjoyed their duopoly for too long” & Sen. Susan Collins & Senator Angus King “have the chance to do something.” #creditcard #swipefees tinyurl.com/3vppswr6

Attacking Dr. Roger Marshall for sponsoring the #CreditCardCompetitionAct backfired: “The banks have been so overly aggressive … that they made it a top priority for him ... they made him angry.” #creditcard #swipefees @doug_Kantor NACS Payments Dive tinyurl.com/x4aak5t5

Time to pass the #CreditCardCompetitionAct to bring fairness and transparency to #creditcard #swipefees.

“Because of all of you, we are now in a better position than ever to get the #CreditCardCompetitionAct passed,” Outdoor Hospitality Industry SVP of Government Affairs David Basler says. #creditcard #swipefees RVBusiness Magazine tinyurl.com/2s39s6z5

Banks oppose a second network on #creditcards to create competition, improve reliability/security & bring down #swipefees. But with real-time payments, dual rails have “become the norm” with 58% enabling both RTP & FedNow. #CreditCardCompetitionAct PYMNTS tinyurl.com/54teszp9

”In the absence of serious competition, Visa & Mastercard have taken it upon themselves to raise #swipefees repeatedly,” NJ barbershop owner Joseph Allegre says. He wants Sen. Cory Booker & Senator Andy Kim to support the #CreditCardCompetitionAct. NorthJersey.com tinyurl.com/2epz9snn

Louisiana Oil Marketers & Convenience Store Assoc CEO Natalie Isaacks says small businesses “are being squeezed by #creditcard #swipefees that have grown unchecked” & urges John Kennedy & U.S. Senator Bill Cassidy, M.D. to back the #CreditCardCompetitionAct. NOLA.com tinyurl.com/38bbe5dm

The #GENIUSAct "creates the potential” to disrupt #swipefees but “by itself it’s not enough” & wide use of #stablecoin is needed to ease “inflationary pressure #creditcard payments have on prices” Newsday @doug_Kantor NACS #CreditCardCompetitionAct tinyurl.com/4jt3arsv