FORT LAUDERDALE, Fla. -- Credit union card executives attending the CSCU annual meeting received a packet of tools designed to help them become active communicators with lawmakers on the issue of card interchange.
The packet included fact sheets about the interchange issue, talking points about it, address list of Federal lawmakers broken down by state, and a sample letter on the topic. It also included a copy of a legal decision which the card brand won against retailers on the point.
Speaking to the card executives, Bill Sheedy, Visa's head of global strategy, called on the executives to help educate lawmakers about the importance of interchange not just to big banks and issuers but to smaller institutions as well.
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