Credit Debate Rages On
Last October, Convenience Store News published a feature article on the impact of rising credit-card interchange fees on c-store retailers. At the time, both MasterCard and Visa pledged to provide greater transparency about their rate structures. This prompted Mallory Duncan, senior vice president and general counsel at the National Retail Federation (NRF), and chairman of the Merchants Payment Coalition (MPC), to call Visa and MasterCard's attempts "an extremely welcome step toward a competitive market." However, retailers were still far from satisfied. Five months later, they remain disgruntled.