Search for: "Merchants Credit Association"
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8 Dec 2023, 6:00 am
The two sectors are at loggerheads over the Credit Card Competition Act, a package backed by the merchant and retail lobby that takes aim at credit card fees. [read post]
4 Dec 2023, 9:00 am
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1 Dec 2023, 6:00 am
In response, the Merchants Payments Coalition, which supports passage of the CCCA, says the information presented in the New York Times video is “straightforward, factual, and correct,” according to Doug Kantor, MPC Executive Committee member and National Association of Convenience Stores general counsel. . . . [read post]
17 Nov 2023, 6:00 am
Claims that only large businesses with high credit card volume would benefit from the CCCA are false, counters Doug Kantor, an executive committee member for the Merchant Payments Coalition and general counsel for the National Association of Convenience Stores. [read post]
10 Nov 2023, 6:00 am
While the emergence of the SBPA suggests there could be a divide in the merchant community over the CCCA, other trade associations supporting the bill counter there is widespread merchant support for the bill, particularly from small sellers. . . . [read post]
27 Oct 2023, 6:00 am
The merchants alleged they were overcharged for credit and debit card transactions when consumers swiped their cards to pay for goods and services. [read post]
22 Oct 2023, 11:03 pm
Reprinted with permission from the NYS Bar Association, this article first appeared in the EASL Journal, 2023, vol. 34, no. 1. [read post]
22 Sep 2023, 8:06 am
The FCC has said the following about extending credit to candidates: If a station’s credit policies would, for example, require advance payment from a commercial entity that has been established only for a temporary time or purpose (e.g., a seasonal fireworks merchant or a concert promoter), has an uncertain credit history with the station (e.g., a company that is new, advertising with the station for the first time, or advertises with the station… [read post]
19 Sep 2023, 7:42 am
[I will blog the NetChoice v. [read post]
18 Sep 2023, 5:00 am
Specifically, by limiting withholding requirements to card payments (and—in some cases—only to credit cards), tax authorities are effectively providing merchants with incentives to give preference to other payment methods, including cash and P2P payments. [read post]
15 Sep 2023, 6:38 am
It would require that a competing network, other than those two, be made available to merchants for processing credit card transactions. [read post]
11 Sep 2023, 7:55 am
Morgan Reed—president of the APP Association, a global trade association for small and medium-sized technology companies—presented extensively on the subject at the Federal Trade Commission’s (FTC) COPPA workshop (which is worth reading in full). [read post]
25 Aug 2023, 11:54 am
The Commission also explains that its existing crediting policy will alleviate later-in-time customers from benefitting from upgrades built by earlier-in-time customers. [read post]
8 Aug 2023, 1:32 pm
Visa doesn’t make a product that you buy, it connects credit and debit cards with its merchant processing services; you use the Visa network service when you make a purchase. [read post]
31 Jul 2023, 6:34 pm
It is not for nothing that the concept of hareem is derived from the word haram (حَرَام, ḥarām)--either forbidden- because it is evil/sinful or associated with evil/sin, or forbidden to any but those initiated into the rites and community of believers (reservedfor the sacred). [read post]
28 Jul 2023, 7:34 am
Citing research from the consulting firm CMSPI, the Merchants Payments Coalition, a lobbying group for sellers, argues that passage of the CCCA will have minimal effect of card issuers’ ability to continue funding credit card rewards. . . . [read post]
20 Jul 2023, 6:30 am
The concern was that legal clients who were facing the complexities of their cases would be further burdened by the additional costs associated with credit cards. [read post]
17 Jul 2023, 8:32 am
This first principle not only prioritizes sovereign determination of national-level policies undergirding the regulation of IP-protected goods and services, but also recognizes the risks associated with interference in other nations’ norm-setting prerogatives. [read post]
30 Jun 2023, 8:46 am
If enacted, the measure would require that merchants be able to choose from at least two networks when processing most credit-card transactions. [read post]
19 Jun 2023, 9:05 pm
By the fourteenth century, Tuscan merchants had developed the system of double entry accounting that captures the distinct financial unit of an entity (i.e., for every debit there is a credit and vice versa so that profitability is tied to the claims on the business with every asset of a going concern financed through debt or equity claims so the balance sheet balances). [read post]
