Consumers win Senate battle with retailers

Experts not sure whether consumers or retailers come out better in the deal

by

Published: June 12,2011

Tags: debit card swipe fee, debit cards, swipe fees

Retailers, gas stations, restaurateurs and other businesses that regularly receive payment through customer debit cards won the day in the U.S. Senate last Wednesday, with opponents of caps on debit card swipe fees falling short of votes needed to delay implementation of the caps for two years. The Senate vote lets the Federal Reserve limit […]

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