Senate introduces bill regarding credit card transaction processing
/ 1 min read
Table of Contents
Senator Shelley Moore Capito introduced the Credit Card Competition Act of 26. The bill would change how merchants process credit card payments by allowing them to choose between different networks for transactions.
Why it matters: The goal of the bill is to lower the fees merchants pay when customers use credit cards by introducing more competition into how those payments are processed.
Who it affects
- Credit card networks (such as Visa and Mastercard)
This information comes from Congress.gov; please read the full text of the bill before relying on it for financial or legal decisions.
Agency: Senate
Source: Congress.gov — read the official document