Tag: interchange fees

Retailers and banks continue to bludgeon each other over the size of debit card interchange fees ahead of the law's July 21th enactment date....

The biggest reason why we have so many different types of credit card processing pricing models is that there is a wide range of interchange fees....

Several big banks, including Wells Fargo and Chase, have decided to discontinue debit rewards programs; others are still considering their options....

With the interchange-plus credit card pricing model the processor charges exactly the same fee for every transaction, regardless of card type....

Banks are mulling limits on debit transactions in the latest phase of their battle with retailers and legislators over the size of interchange fees....