Payment Systems

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NATSO Members, Merchants Coalition Oppose Repeal of Durbin Amendment

July 14, 2016

NATSO Members, Merchants Coalition Oppose Repeal of Durbin Amendment

Many NATSO members joined more than 120 companies representing a broad cross-section of the U.S. economy in urging Members of Congress to reconsider legislation that would repeal debit card fee reforms implemented under the Durbin Amendment of the Dodd-Frank Wall Street Reform Act.

NATSO, Merchants Coalition Oppose Repeal of Debit Reforms

July 6, 2016

NATSO, Merchants Coalition Oppose Repeal of Debit Reforms

NATSO joined more than 160 national and state trade associations representing retailers and employers, in voicing strong opposition to H.R. 5465 and language in the CHOICE ACT that would repeal the debit reforms in the 2010 financial services reform legislation known as the Durbin Amendment.

NATSO CEO: Court's Reversal of Visa, MasterCard $7.25 Billion Settlement Major Victory

July 1, 2016

NATSO CEO: Court's Reversal of Visa, MasterCard $7.25 Billion Settlement Major Victory

NATSO President and CEO Lisa Mullings today said the decision by the U.S. Court of Appeals for the Second Circuit to reverse the $7.25 billion antitrust settlement that Visa and MasterCard had reached with millions of retailers over the high transaction fees that retailers pay each time a customer uses a credit card marks a major victory for retailers.

Visa, Mastercard $7.25 Billion Settlement Void

June 30, 2016

Visa, Mastercard $7.25 Billion Settlement Void

Marking a major victory for retailers, a federal appeals court today threw out the $7.25 billion antitrust settlement that Visa and MasterCard had reached with millions of retailers over the high swipe fees that retailers pay each time a customer uses a credit card ruling that it was unfair to retailers who stood to receive no payments and little or no benefit.

Kroger Sues Visa Over Signature vs. PIN in Debit Transactions

June 30, 2016

Kroger Sues Visa Over Signature vs. PIN in Debit Transactions

The lawsuit is just the latest in a series of lawsuits that large merchants have filed against credit card companies over restrictions on PIN authentication. NATSO continues to actively urge members of Congress to examine the payments system, arguing that PIN authentication is the most secure, cost-effective solution.

Credit Card Companies Announce Plans to Expedite EMV Equipment Certification, Reduce Chargebacks

June 26, 2016

Credit Card Companies Announce Plans to Expedite EMV Equipment Certification, Reduce Chargebacks

Recognizing the growing and unacceptable problem with chargebacks, Visa has announced modifications to EMV certification and chargeback requirements, and shortly thereafter MasterCard and American Express followed suit. These announcements undoubtedly came in response to growing pressure from retailers and their advocates that the EMV liability shift has resulted in an excessive and unfair increase in chargebacks that retailers have absorbed, often with no viable method for avoiding them.

June 20, 2016

Debit Card Swipe Fee Reform is Under Attack

There is a coordinated effort underway to repeal debit card swipe fee reform known as the Durbin Amendment. This is a serious concern for the travel plaza and truckstop industry, which has benefited from the certainty, transparency, and competition that the Durbin Amendment provided into the debit card payment system market. If these efforts are successful, debit card swipe fees would likely skyrocket again.

Home Depot Sues Visa, MasterCard over EMV Switch

June 20, 2016

Home Depot Sues Visa, MasterCard over EMV Switch

Home Depot Inc. has filed an antitrust lawsuit against Visa and MasterCard, adding to claims from a previous lawsuit alleging that retailers pay too much in swipe fees by now questioning chip-based cards' effectiveness in reducing fraud without PIN authentication.

Key Lawmaker Proposes Repeal of Durbin Amendment

June 10, 2016

Key Lawmaker Proposes Repeal of Durbin Amendment

Rep. Jeb Hensarling (R-Texas) Chairman of the House Committee on Financial Services, announced that he will introduce legislation in the coming weeks to overhaul significant parts of the Dodd-Frank financial regulations.

Wal-Mart Sues Visa, Wants to Require PINs

May 16, 2016

Wal-Mart Sues Visa, Wants to Require PINs

Wal-Mart has sued credit card company Visa, alleging the company is forcing the retailer to use a less-secure "signature" method for verifying debit cards in order to route transactions through Visa's own networks to boost profits.

EMV Shift: The Good, The Bad and The Ugly

February 25, 2016

EMV Shift: The Good, The Bad and The Ugly

Complying with the EMV shift—the move to align credit and debit cards in the United States with proprietary chip technology—is extremely complex and expensive for merchants, and does not do enough to protect retailers from fees and risks associated with fraud, said Mallory Duncan vice president and general counsel at the National Retail Federation.

House Committee Advances Data Security Legislation

December 11, 2015

House Committee Advances Data Security Legislation

The House Financial Services Committee voted 46-9 Dec. 8 in favor of the Data Security Act of 2015 (H.R. 2205). NATSO strongly opposes the legislation, which imposes data security standards for retailers, because it would unnecessarily impose a variety of complicated and expensive obligations on the retail sector.

December 7, 2015

NATSO Opposes Data Security Legislation

NATSO, joining a diverse coalition of retail groups, will be sending a letter to the House Financial Services Committee this week opposing the recently introduced Data Security Act of 2015 (H.R. 2205). That legislation, which is favored by the banking community, would unnecessarily impose a variety of complicated and expensive obligations on the retail sector.

How To Pursue Your Claim Against VISA and MasterCard for Antitrust Violations

November 30, 2015

How To Pursue Your Claim Against VISA and MasterCard for Antitrust Violations

NATSO served as one of several plaintiffs in a class-action lawsuit against VISA and MasterCard (In re Payment Card Interchange Fee & Merchant Discount Antitrust Litigation). This lawsuit was brought on behalf of merchants who accepted those companies' payment cards in the United States since January 1, 2004. Over NATSO's objection, the district court approved a settlement of that class action for a cash payment and an injunction requiring VISA and MasterCard to change some of their rules for accepting their payment cards.

EMV Switch Difficult, Expensive Retailers Tell Congress

October 26, 2015

EMV Switch Difficult, Expensive Retailers Tell Congress

The House Small Business Committee recently held its second hearing examining the so-called "EMV Deadline" and what it means for small businesses. At this hearing, the Committee heard from small business retailers who shared stories of an expensive, confusing transition to EMV.

Upcoming “EMV Shift” – What Truckstop & Travel Plaza Operators Should Know

September 14, 2015

Upcoming “EMV Shift” – What Truckstop & Travel Plaza Operators Should Know

Recent data breaches have brought the issue of data security to the top of many merchants’ radar screens. In particular, NATSO has received a number of questions from truckstop owners and operators regarding the October 1, 2015 “EMV Shift” – this refers to Visa and MasterCard’s plans to begin aligning credit and debit cards in the United States with those companies’ proprietary chip technology. This article answers to some of the key questions regarding this important topic.

Judge Throws Out Amex Settlement With Merchants

August 5, 2015

Judge Throws Out Amex Settlement With Merchants

A federal judge rejected a settlement between American Express and merchants over credit card fees after discovering that the merchants' lawyer inappropriately communicated privileged details of the case with an attorney for MasterCard. The decision, which could have ripple effects for another settlement agreement between many of the same merchants and MasterCard and Visa, means that the merchants and Amex will have to renegotiate the deal or possibly go to trial.

AmEx Seeks Emergency Stay of Anti-Trust Order

June 1, 2015

AmEx Seeks Emergency Stay of Anti-Trust Order

American Express on May 26 filed an emergency request with the U.S. Court of Appeals for the Second Circuit to pause an injunction that bars the company from prohibiting merchants from steering customers toward a particular card or payment method.

California Surcharge Ban Ruled Unconstitutional

April 11, 2015

California Surcharge Ban Ruled Unconstitutional

A federal judge ruled March 26 that a California law banning retailers from charging customers a surcharge on credit card purchases is unconstitutional because it is too vague and violates the First Amendment right of free speech, PYMNTS.com has reported.

Supreme Court Denies Swipe Fee Appeal

January 26, 2015

Supreme Court Denies Swipe Fee Appeal

The U.S. Supreme Court on Jan. 20 declined to hear a challenge to the Federal Reserve’s rule over transaction fees that retailers are forced to charge customers when they swipe a debit card.

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