Impact of Congressional Bill on Small Businesses and Consumers

The Electronic Payments Coalition opposes a bill in Congress pushed by Senators Durbin and Marshall, claiming it would hurt small businesses and benefit large retailers. Studies show that the bill could lead to small businesses losing out on rewards while large retailers benefit financially. The bill is criticized for potentially increasing consumer data security risks.

Impact of Congressional Bill on Small Businesses and Consumers

A bill in Congress pushed by Senators Durbin and Marshall could harm small businesses by altering credit card routing, benefiting big retailers like Walmart and Amazon. Studies show the bill would not help small businesses or consumers, and could increase data security risks.