American Banker – 3/5/13: WASHINGTON — The Federal Reserve Board said Tuesday it would not adjust its cap on interchange fees, leaving it at 21-cents per transaction. The decision came attached to a biannual survey that found that 33% of debit card issuers averaged transaction fees above the cap. Surprisingly, that figure was even higher than the 20% of issuers that averaged fees higher than 21 cents before the Fed’s cap was in place.
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Source: Paymentspulse

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