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The Wall Street Journal

Walmart, Goal Urge Lawmakers to Go Invoice Taking Purpose at Visa, Mastercard Charges

Greater than 1,600 retailers together with Walmart and Goal are urging U.S. lawmakers to go laws that goals to interrupt the maintain that Visa and Mastercard have over the credit-card market.

The invoice, which Sen. Richard Durbin (D., Ailing.) and Sen. Roger Marshall (R., Kan.) introduced in July, would give retailers the proper to route many credit-card funds over networks apart from Visa and Mastercard. In a letter this week to all members of Congress, the retailers mentioned the proposed laws would enhance competitors, resulting in a discount within the fees they pay after they settle for bank cards.

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