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[The following is a paid advertisement.]
HB 4951 contains a new Act that has NO revenue impact on the State, and would have major impact on card processing in Illinois. The Interchange Fee Prohibition Act is retailer backed legislation that would disrupt the electronic payment system that Illinois consumers rely upon to transact business in a safe and convenient manner.
Impacted industries responsible for implementing the change were left out of negotiations, and the result is bad public policy. Global payment systems operate in a uniform manner to process transactions worldwide. This legislation will set Illinois apart as a nationwide outlier. States that have carefully considered similar legislation have all REJECTED these proposals as being nearly impossible to implement, threatening consumer privacy and disrupting a system that works well today.
STOP efforts to disrupt the current interchange system. REMOVE the Interchange Fee Prohibiton Act from HB 4951! More information here.
posted by Advertising Department
Monday, May 27, 24 @ 2:10 pm
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