Right now the United States Congress is considering legislation on interchange fees that would be harmful to credit unions and credit union members. We need your help to defeat this. Each time a member uses a debit or credit card, a merchant is paid immediately and the card-issuing credit union receives interchange. This interchange reflects a merchant's fair share of the costs of this convenient system. For a credit union, interchange supports everything from re-issuing cards compromised by merchant data breaches to providing a call center to contact if a card is lost or stolen. There are currently a number of proposals in both the United States House of Representatives and Senate to reduce that interchange. If interchange fees were reduced and could no longer adequately support our card programs, members could end up paying more to use debit and credit cards or, worse, credit unions may no longer be able to offer cards at all. It is important that Members of Congress hear from YOU!
Retailers Ready for Fight on Credit-Card Fees - Time Magazine
7-Eleven serves up Big Gulp of Big Government to credit card consumers
Changes To Credit Cards Could Cost Shoppers More
Altering interchange fees could reduce consumer choice, CUNA testifies
Credit Unions On Interchange on Facebook
Credit Union CEO in North Carolina discusses his credit and debit card programs, and why interchange income is necessary to administer both programs.
MasterCard Interview with Shawn Miles on Benefits of Electronic Payments
Arizona Credit Union League & Affiliates, 10210 N. 25th Avenue #211, Phoenix, AZ 85021 602 264-6701 Fax: 602 241-9642 acul@azcreditunions.org
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