CFIB report card on Credit Card/Debit Card Code of Conduct
For more details
Report Card on the Code of Conduct
To mark the first anniversary of the implementation of the Credit Card/Debit Card Code of Conduct, we released a report celebrating the many substantial accomplishments of the Code, as well as noting areas for further improvement.
The Code's biggest achievement has been to protect Canada's low-cost flat-fee debit system. Another big accomplishment is providing merchants with some power in their relationship with credit card companies, banks and card processing companies.
The Code's effectiveness has already been tested several times and it has passed on every occasion. We have used the Code to resolve issues on debit cards for e-commerce, disclosure of important merchant fee information, and exit penalties for fee changes in processing agreements.
