New Study: Durbin-Marshall Credit Card Bill a Win for Nation’s Top 5 Retailers, Loss for America’s Small Businesses
The study also raises several serious questions related to fraud for both businesses and consumers.
- The study also raises several serious questions related to fraud for both businesses and consumers.
- U.S. credit card networks currently offer liability protections against fraud for both consumers and merchants, but it is unclear if those same guaranteed protections would carry over to alternative networks.
- The study concludes, “almost all of the CCCA transfers will accrue to the largest merchants, placing SMEs at an even steeper competitive disadvantage.
- “The largest U.S. retailers would effectively receive a transfer of approximately $2.9 billion from issuers and cardholders impacted by the legislation.