The holidays are a time when millions of Americans travel to spend time with family and friends or splurge on a gift for a loved one — and many cash in on the credit card rewards they’ve earned all…
Something to do with the interchange fees merchants pay to the bank every time you use your credit card. Story is claiming your credit card company will take away cash back and points if Congress interferes with one of the industry’s cash cows.
It’s unlikely that the Executive Chairman of the Electronic Payments Coalition would want to explain the potential benefits of the bill that would impact electronic payments.
What is the law addressing that would hopefully benefit the people?
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Something to do with the interchange fees merchants pay to the bank every time you use your credit card. Story is claiming your credit card company will take away cash back and points if Congress interferes with one of the industry’s cash cows.
I would not even see that as a problem if it made it such that vendors got the same regardless of if they use cash or credit.
It’s unlikely that the Executive Chairman of the Electronic Payments Coalition would want to explain the potential benefits of the bill that would impact electronic payments.