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Walmart, Visa Resume Lobbying Battle Over Credit-Card Rules

  • Retailers to push for more say in setting payment rules
  • It’s all about cutting swipe fees, financial firms say
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Lobbyists for Walmart Inc. and other retailers are joining forces with companies that process payments in the latest battle over the $90 billion that U.S. merchants pay banks annually to process credit and debit-card charges.

Trade groups including the National Retail Federation announced Thursday that they’ve joined with Washington advocates for companies such as First Data Corp. They want regulators and lawmakers to give more companies a say in setting standards for card security and new payment technologies.