Small Business community applauds finalized Debit/Credit Card Code of Conduct

Following a year of rising credit card merchant fees and threats to Canada's debit card market, the Canadian Federation of Independent Business (CFIB) welcomes today's announcement by Finance Minister Jim Flaherty of a finalized Code of Conduct for the credit and debit card industry. "It is now time for industry players to get on board. And, we fully expect them to sign on immediately," said Catherine Swift, CFIB president.

This Code, which very closely resembles the Code put forward by CFIB in mid-2009, will help increase transparency and restore fairness to small businesses and consumers in their credit and debit card transactions.

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Nonprofits & Activism

Tags:

• credit cards
• banks
• small business