Target: Swipe Fee Settlement Is “Bad” for Retailers, Consumers

By  |  July 22, 2012
 | 

Target Corp. expressed its strong dissatisfaction with the payment network swipe fee settlement through plain language in a recent release.

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    “Target believes the proposed interchange fee settlement is bad for both retailers and consumers,” the statement reads. “The proposed settlement would perpetuate a broken system, restrict retailers from any future legal action and offer no long-term relief for retailers or consumers.”

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    Target also said it would not charge higher prices to consumers who pay with a credit or debit card.

    Access the full statement here.


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