The Canadian Federation of Independent Business is speaking out about credit card processing fees within Manitoba Public Insurance.

Elliot Sims, the Provincial Affairs Director.  speaks here about the concerns CFIB has.

“The CFIB is quite concerned that MPI is spending over 9 million dollars per year on credit card processing fees. What that is is a fee that the crown cooperation has to pay to a credit card company for the option to accept credit cards for payment of Autopac premiums for Manitoba drivers."

Over the last five years MPI has spent nearly 41 million dollars on credit card fees. With each credit card transaction it costs $5.77 in processing fees, where as debit card transactions cost 5-10 cents.

Sims says MPI could cut its payment processing costs by 98% if they were to drop the credit card payment option.

He says all measures to cut costs need to be implemented.