Take the "gress" work out of Congressman and what do you have left? I digress...
Visa Inc. has joined MasterCard Worldwide to attack some of the claims that the 7-Eleven convenience chain is making about its recently delivered petition on card interchange.
Members of Congress received the nearly 1.7 million signatures on Sept. 30. The brand said they represented the views of consumers who want Congress to force a cut or cap on credit and debit card interchange.
But Visa claimed that most signed the petition under a mistaken impression of what they were signing.
“Members of Congress and the public should not be fooled by the motives behind the petitions being delivered to Congress by the CEO of 7-Eleven,” the card brand said. “This deceptive campaign is really about some retailers trying to take advantage of the public by having them support legislation that would ultimately shift retailers’ costs of doing business onto consumers in the form of checkout fees, also known as surcharging.
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