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.
Click here to read more: http://www.americanbanker.com/issues/178_44/fed-leaves-swipe-fee-cap-unchanged-1057275-1.html?utm_source=NewsFilter+344+3%2F08%2F13&utm_campaign=NF+%23344+3%2F08%2F13&utm_medium=email

Subscribe to the comments for this post?

Share this on Facebook

Share this on LinkedIn

Email this to a friend?

Share this on del.icio.us

Add this to Google Reader

Share this on Technorati

Seed this on Newsvine

Share this on Blinklist

Share this on FriendFeed

Add this to Google Bookmarks

Post on Google Buzz

Post this to MySpace

Share this on Plaxo

Submit this story to Propeller

Add to a lense on Squidoo

Stumble upon something good? Share it on StumbleUpon

Share this on Tumblr

Buzz up!

Source: Paymentspulse

Leave a Reply

Your email address will not be published.