The following content is sponsored by the Electronic Payments Coalition.
With data thieves and hackers working around the clock, banks and financial institutions spend billions of dollars on data security and are held to strict data security compliance requirements. Because of these investments and safeguards, Americans overwhelmingly trust our nation’s financial institutions to protect and safeguard their data.
But a new credit bill, backed by Illinois Senator Dick Durbin and Kansas Senator Roger Marshall, threatens these trusted protections.
If passed, their legislation is poised to detrimentally impact credit card services, rewards, and consumer data security–all to line the pockets of the largest corporations like Target and Walmart.
The Durbin-Marshall bill seeks to disrupt the entire landscape of the current American credit card system. First, mandates will cause…
