#230 Will That Be Cash or Credit? Swipe Fees and Their Critics

Our Curious Amalgam

English - July 17, 2023 04:00 - 30 minutes - 28.8 MB - ★★★★★ - 42 ratings
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Previous Episode: #229 What’s Happening in the EU? A Conversation with DG COMP Director-General Olivier Guersent at the 2023 Spring Meeting

Next Episode: #231 What’s Happening in MENA? Trends and Developments in Middle East and Egyptian Antitrust

The credit card industry has been the subject of increased antitrust scrutiny in recent years, even as consumer understanding of its inner workings remains low. But how did the American credit card system come to be, and are there changes for it on the horizon? Doug Kantor, General Counsel of the National Association of Convenience Stores, speaks with Christina Ma and Matt Reynolds about the history of credit and debit card payment systems, the “swipe fees” on which those systems are built, and the justifications offered over the years for those fees. Tune in to learn more about the development of card payment systems in the United States and the antitrust considerations that continue to influence their development even today.

With special guest:

Doug Kantor, General Counsel, National Association of Convenience Stores