Topics: Payment Systems

Retailers Urge Congress to Protect Debit Fee Reform

More than 760 members of the retail community including NATSO members urged Congress to refrain from taking up any legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.” More

NATSO Members Urged to Sign Letter Opposing Repeal of Swipe Fee Reform

NATSO has learned that U.S. Rep. Jeb Hensarling (R-Texas), Chairman of the House Financial Services Committee, is expected as early as next week to introduce legislation that seeks to repeal debit card swipe fee reform, commonly known as the “Durbin Amendment.” More

Dispenser EMV Liability Shift Delayed

Visa and Mastercard announced Dec. 1 that they will delay the U.S. domestic automated fuel dispenser (AFD) EMV activation date from Oct. 1, 2017, to Oct. 1, 2020. Visa said the EMV liability shift at ATMs will still take effect as planned on Oct. 1, 2017. More

NATSO Urges Congress to Reject Draft Data Security Bill

NATSO joined nine trade associations representing over 1 million businesses in urging Congress to oppose efforts to impose unfair and burdensome data security and breach notification standards on retailers. More

NATSO Members Oppose Debit Reform Repeal

More than six hundred businesses, including multiple NATSO members, wrote to Congress to oppose efforts to repeal the “Durbin Amendment.” As NATSO members are aware, the Durbin Amendment was included in the Dodd-Frank Wall Street Reform and Consumer Protection Act and reformed the anti-competitive debit card market by placing caps on interchange fees in debit swipe transactions. More

House Committee Passes Legislation Repealing Debit Fee Reform

In a thoroughly disappointing development for retailers and consumers alike, the House Financial Services Committee approved legislation on Sept. 13 that would, among other things, repeal the debit fee reform legislation known as the Durbin Amendment. It passed on a party-line vote, with all-but-one Republican on the Committee voting for the legislation repealing the Durbin Amendment, and all Democrats voting against it. More

Rep. Hensarling Introduces Repeal of Durbin Amendment

Debit card reforms have been a major step in the right direction and any removal of those reforms would be a monumental step in the wrong direction for U.S. businesses and consumers. More

EMV Shift & Truckstops: One Year Later Members Only Join or Login

Truckstop and travel plaza operators along with the entire retail industry are still working to comply with the EMV shift—the move to align credit and debit cards in the United States with proprietary chip technology—that took effect Oct. 1, 2015. Under the new requirements, merchants have to adopt EMV-compliant devices for in-store sales or assume the liability for fraudulent transactions. More

NATSO Submits Formal Letter to Chairman Hensarling to Protect Debit Reform

In a formal comment letter to Chairman Jeb Hensarling (R-TX) of the U.S. House Committee on Financial Services, NATSO’s government affairs team expressed concerns with proposed legislation to repeal debit swipe fee reform, commonly referred to as the “Durbin Amendment.” More

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. More

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