cardswipe

USA Today Deflates Banks’ Swipe Fee Myths

Makes strong case for credit-card reform. In a news story today, USA Today exposed some of the myths banks propagate about hidden, exorbitant “swipe” fees the banks charge retailers when customers buy with credit or debit cards, the Merchants Payments Coalition reported. The article also makes a strong case for reforming the way Visa and

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NACS Reacts To 21 Cent Cap on Swipe Fees

NACS calls Fed’s final rule “an irresponsible abdication of its legal duty.” The U.S. Federal Reserve’s final rules on debit card swipe fees “is an irresponsible abdication of its legal duty to implement the law as written,” said National Association of Convenience Stores (NACS) Senior Vice President of Government Relations Lyle Beckwith. The final rules

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