Catalogers have long wanted relief from the fees charged by credit card issuers. But a bill introduced in Congress last week may not be the best way to get it.
The so-called Credit Card Fair Free Act (HR 5546) ) would require that interchange fees-charges paid by merchants to Visa and MasterCard banks for handling credit card transactions-be negotiated. However, industry sources fear the law will tilt things in favor of large retailers like Wal-Mart.
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