In a win for advocates of the global integrated payment system, Colorado Gov. Jared Polis vetoed Senate Bill 26-134 on Wednesday night, preventing a law from taking effect that could've upended the way both Colorado residents and its millions of visitors pay for goods and services on a daily basis.
The "Payment Card Networks' Fees" bill would've prohibited interchange fees from being imposed on the tax portion of a credit card transaction, a change that could have forced consumers to use multiple payment methods for a single purchase.
"The bill presents too much legal risk to Colorado's business environment and consumers, with limited upside for our small businesses, for me to be comfortable signing," Gov. Polis said in a letter detailing his rationale.
A great solo travel tip spotted this week on The Points Guy Articles.
