Retailers have been fighting the swipe fee fight for over a decade now. And they’re still not happy.
“The monetary settlement doesn’t solve the problem. Swipe fees cost retailers and their customers tens of billions of dollars a year and have been skyrocketing for nearly two decades,” NRF Senior Vice President and General Counsel Stephanie Martz said in a press release. “Ending the practices that lead to these anticompetitive fees is the only way to give merchants and consumers full relief once and for all.”