Visa, other payment companies create group to fight fee-hike opposition

Visa CEO Al Kelly, along with his counterparts at Mastercard, American Express and other big payment companies, has formed the Payments Leadership Council amid a brewing battle over planned credit card fee hikes next month. High on the new group’s agenda is dealing with the industry’s public policy response to a range of issues, namely a more than $1.1 billion increase in credit card processing fees scheduled to take effect in April after being delayed because of the coronavirus pandemic. The…