Merchants amp up rhetoric over acceptance costs

The Merchants Payments Coalition, a group representing several merchant trade groups, is on the warpath, making the case for the Credit Card Competition Act even as Visa and Mastercard have made major concessions on interchange.

The CCC, authored by Senator Richard Durbin, D-Ill., aims to induce merchant choice in processing networks by forcing issuing banks to program their cards to be accepted for processing across at least two networks, only one of which can be owned by Visa or Mastercard.

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Based in San Diego, Global Legal has specialized in electronic payments litigation, both locally and across the nation, since 2008. The firm's expert litigators represent ISOs, agents, processors, card brands, and numerous other enterprises in the payments and fintech spheres.

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When founded in 2016, FlipSide B.V., a Dutch company, focused on business development for brands in the toys and sporting goods industries. However, by the end of 2023, FlipSide had switched gears by expanding its leadership team and creating the Global Business Machine (GBM), a software-as-a-service solution designed to help companies scale operations and expand global footprints, according to Jasun Weiner, head of brand relations at FlipSide.

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