The Credit Card Competition Act, if it becomes law, will likely have unintended consequences for the businesses that sign up merchants for payment processing. Not all of them are good. Introduced more than a year ago, the Credit Card Competition Act has quickly become the hottest topic in the payments …

Citing a payments industry that is united in its opposition to the Credit Card Competition Act, research from the Congressional Research Service questioning the benefits of the legislation, and suspect support for the bill among members of Congress, the Electronic Payments Coalition says it is primed to continue its fight …

The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …

With Congress scheduled to adjourn Dec. 15, Sen. Dick Durbin, D-Ill., made a last-minute push on the Senate floor late Thursday, calling for a vote on the Credit Card Competition Act before adjournment. Durbin’s remarks, which also pushed back against arguments by  card networks and card issuers that the proposed …

The Electronic Payments Coalition issued a press release late Tuesday taking issue with a New York Times op-ed video that argues merchants and consumers already pay a high price for rewards cards and expresses support for the Credit Card Competition Act. In its rebuttal responding to the video, Richard Hunt, …