TORONTO, Sept. 18, 2012 /CNW/ - Retail Council of Canada (RCC) welcomes
the release of a consultation document to update the Code of Conduct
for the Credit and Debit Card Industry.
RCC President and CEO Diane J. Brisebois said mobile payments are
expected to be a popular payment option in the years ahead. This is why
is it is vital to ensure we continue to provide options for low cost
debit cards, as well as ensure merchants' ability to manage costs
associated with credit card payments.
RCC welcomes the federal government's recognition that the Code needs to
be updated to ensure that consumers are able to choose how to pay and
merchants are able to choose which payment options to accept.
"RCC will continue to be vigilant in protecting merchants from excessive
fees and lack of choice, while providing their customers with payment
options," said Brisebois. "We look forward to working with the
government to finalize the proposal to modernize the Code."
A recent survey of RCC members on payment issues revealed that retailers
frequently deal with service providers who do not respect the spirit of
the Code of Conduct.
"We will continue to work with the federal government to ensure that the
principles of the original Code of Conduct are respected," said
Brisebois, adding that RCC and its members continue to be concerned
with the high cost of accepting credit cards. "We will put forth our
members' concerns and endeavour to ensure that they are reflected in
the final updated Code."
Retail Council of Canada (www.retailcouncil.org) is the Voice of Retail. Founded in 1963, RCC is a not-for-profit
association which represents more than 45,000 stores of all retail
formats, including department, grocery, independent merchants, regional
and national specialty chains, and online merchants.
SOURCE: Retail Council of Canada
For further information:
VP Communications and Marketing, RCC
416 922-0553 ext. 228
416 574-2552 (Mobile)