GAO Report Confirms Need for Regulation of Credit Card Processing Fees
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/gao-report-confirms-need-regulation-credit-card-processing-fees/Credit card processing is not only highly concentrated – MasterCard, Visa, and American Express control 93 percent of the market – but competition among the card processors tends to raise, not lower, the fees they charge merchants, according to a new report from the U.S. General Accounting Office. Continue reading




