Sales through credit and debit card transactions have contributed to more than $93 trillion in economic activity since 2006, based on data from Nilson. Richard Hunt, Executive Chairman of the Electronic Payments Coalition, emphasized the role of card payments in driving the economy. He noted their convenience, security features, and reward programs that help consumers manage inflation. Card transactions also offer secure and timely payments for businesses.

The Office of the Comptroller of the Currency highlighted in a legal filing that these transactions facilitate commerce across the nation. A study by IHL Group revealed that processing cash costs at least 4.7% for businesses, while credit card processing is about 2% and capped for debit cards.

Beyond generating substantial economic activity, accepting cards has saved businesses at least $2.35 trillion compared to all-cash transactions since 2006.

Some politicians are advocating for legislation imposing new mandates on credit cards. The Durbin-Marshall Credit Card Bill would require cards to operate on secondary networks, potentially increasing fraud risks and threatening rewards programs. Proponents argue it could reduce consumer costs; however, a Congressional Research Service report stated it's unclear if savings would be passed on to consumers. Moreover, a Federal Reserve Bank of Richmond study found most retailers maintained or increased prices after government-imposed price caps on debit card fees.

Hunt criticized these legislative efforts as harmful to small businesses and consumers while benefiting large corporations. He called for investment in technology and national data security standards instead.

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