The Paradoxical Perils of Mandatory ‘Competition’ in Merchant Routing of Credit-Card Transactions

Julian Morris June 30, 2023

Truth on the Market View Original Source

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Sen. Richard Durbin (D-Ill.) earlier this month introduced legislation that aims to manufacture competition in the routing of credit-card transactions. If enacted, the measure would require that merchants be able to choose from at least two networks when processing most credit-card transactions.

Read the full piece here.