ARLINGTON, Va. – Yet another of a blizzard of lawsuits over interchange has been filed by an unhappy retail trade association. The National Grocers Association and some of its affiliated members together filed the lawsuit in the Eastern District of New York on Nov. 14. "Soaring interchange fees are devastating the retail industry and increasing costs for all American consumers regardless of their form of payment. In a free market – with low interest rates, fraud down and transaction volume up – competition would cause interchange fees to decrease. However, interchange fees continue to grow exponentially because there is no competitive market," said Thomas K. Zaucha, N.G.A. President and CEO. NGA represents 1,500 mostly local or regional supermarket chains, so-called tier II and tier III stores, and 60 wholesale grocery companies, according to Stuart Zlotnikoff, senior vice president with the association. As tier II and tier III stores, the NGA-affiliated supermarkets pay higher interchange rates than larger supermarket chains. -
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