Maryland’s small businesses are grappling with mounting credit card “swipe fees,” a financial burden that is jeopardizing growth on Main Street. And to add insult to injury, another concern is emerging around U.S. payments systems: China. Visa and Mastercard are collaborating with China to rewrite the security standards that govern business and consumer financial data.
Fortunately, bipartisan federal legislation is being debated in Congress that would kill two birds with one stone. Called the Credit Card Competition Act...