WASHINGTON — The House Judiciary Committee has introduced legislation that calls for merchants, credit card companies and banks to negotiate interchange fees that would be set for three years at a time. The fees, which are charged as a percentage of each transaction by the banks that issue the cards and then passed on to retailers, have been increasing rapidly in recent years, retailers said. Getting Congress to take action has been a top priority for the food retailing industry. “This is ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.