NSBA to Co-Host Press Call on Swipe Fee Reform

February 15, 2011

Contact:

Molly Brogan

202-552-2904

mbrogan@nsba.biz

Washington, D.C. – In advance of the eighth public hearing on debit and credit card swipe fees, Todd McCracken will join Main Street business owners and advocates on a press call TOMORROW, Feb. 16 at 1:00 p.m. EST to stress the importance of swipe fee reform for merchants and their customers. The call will explain the real facts about swipe fees that the big banks and credit card giants are omitting from their talking points.

Business operators around the country have joined their national counterparts in a public effort to emphasize the significance of swipe fee reforms and urge their Members of Congress to make sure that the Federal Reserve’s rules are implemented according to the law so that merchants and their customers can begin to see the much-needed relief from debit card swipe fees.

Main Street businesses and their customers pay billions of dollars each year to the big banks and credit card companies in the form of swipe fees that are charged each time a customer pays with plastic. As the banks try and put an end to the new customer discounts that reform allows, merchants are seizing every opportunity they have to make sure Members of Congress and the public know the real facts about swipe fee reform and the benefits it will bring.

WHO:

Todd McCracken, President & CEO, National Small Business Association

Doug Kantor, Counsel to Merchants Payments Coalition

Amar Ali, Vice President and General Counsel at A to Z Wholesalers, Inc. (Dallas, TX)

Dennis Lane, 7-Eleven Franchisee (Quincy, MA)


WHAT:

Merchant Press Call in Support of Swipe Fee Reform


WHEN:

Wednesday, Feb. 16, at 1:00 p.m. EST


CALL-IN INFO:

Dial In:  800-895-0198, Password: REFORM

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Since 1937, NSBA has advocated on behalf of America’s entrepreneurs. A staunchly nonpartisan organization, NSBA reaches more than 150,000 small businesses nationwide and is proud to be a member of the Merchants Payments Coalition, a group of convenience stores, retailers, and small business owners whose membership associations represent approximately 2.7 million stores and 50 million employees.