A bipartisan bill in Congress can help fix this broken and unfair system. The Credit Card Competition Act makes important reforms to require that there be at least two competing processing networks enabled on each card. One could still be Visa or Mastercard but the other would have to be an unaffiliated independent network like NYCE, Star or Shazam, or even American Express or Discover. These reforms have the potential to save American businesses and consumers an estimated $11 billion per year.
Contact Congress today and tell lawmakers to co-sponsor the Credit Card Competition Act now.
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