"Swipe fees are astronomically high and make everything more expensive," said Doug Kantor, general counsel at the National Association of Convenience Stores and an executive committee member at the Merchants Payments Coalition.
"Electronic payments are four times cheaper to process than cash," said Aaron Stetter, the Electronic Payments Coalition's executive director. "According to big-box retailers' own consultants, credit and debit card payments will save them over $7.5 billion on back-to-school shopping this year."
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