Tag: interchange fees

As the Federal Reserve is mulling the new rules on debit card fees, which it was tasked to create, issuers are bracing for lower profits....

Interchange is the fee that a processing bank pays to a card issuing bank when a payment card is used by a consumer to pay for a product or a service....

Interchange is a fee that Visa and MasterCard assess for every credit or debit card transaction processed by merchants. It is collected by card issuers....