TORONTO, June 30 /CNW/ - This afternoon the Senate Banking Committee is
expected to table a study on Canada's credit and debit card systems and their
relative rates and fees for businesses and consumers.
Justin Taylor is Vice President, Labour and Taxation for the Canadian
Restaurant and Foodservices Association (CRFA) and is available to comment on:
- How skyrocketing credit card fees are hurting Canada's 83,900
restaurants, bars and caterers;
- The role Visa and MasterCard have played in driving up menu prices;
- How proposed changes to Interac will lead to higher user fees; and
- Why the entry of Visa and MasterCard into the debit card business is
bad news for businesses and consumers.
CRFA is one of Canada's largest business associations, with 33,000
members representing independent and chain restaurants, bars, caterers,
institutions and other foodservice providers. Nationwide, the $60-billion
foodservice industry employs nearly 1.1 million people and accounts for 3.7%
of Canada's GDP.
CRFA is a member of the Stop Sticking It To Us coalition, a group of more
than 250,000 businesses across Canada that are fighting back against
skyrocketing credit card fees.
For further information:
For further information: or to arrange an interview, contact Justin
Taylor, CRFA Vice President, Labour and Taxation at (416) 550-3458 (cell) or