The following content is sponsored by the Electronic Payments Coalition.
Small businesses are the backbone of our economy, employing nearly half of the U.S. private sector and accounting for nearly two-thirds of all new American jobs for the last two decades.
While their impact is unquestionable, the challenges small business owners face continue to arise at every turn, especially as giant corporate mega-stores wield considerable influence and resources – or in this case, harmful legislation.
Through their credit card bill, Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) are proposing to alter the credit card routing system to, as they claim, “boost competition.” In reality, it will fundamentally alter our current safe, secure, and hassle-free system by introducing untested alternative networks. They claim the use of such networks will allow retailers to cut costs…
