Caps on Interchange Fees are Bad News for Banks
A proposal toplace a ceiling on the fees that debit card issuers such as Mastercard and VISA can charge for debit card transactions has the financial servicescommunity scourying to adjust. This could change how consumers shop.How will the debit card issuers recoup the foregone revenue? Whenever you swipe a debit card to buy groceries, clothes, [...]
