Tag Archives: interchange fees

Retailers win big as court declares 21-cent swipe fee cap too high

July 31, 2013

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The Federal Reserve’s Board of Governors erred in letting swipe fees that banks charge retailers for each debit card transaction go as high as 21 cents a transaction, a federal court ruled Wednesday. The ruling by the U.S. District Court in Washington drew the predicable applause from groups such as the National Retail Federation and […]

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Bid in Senate to delay debit card ‘swipe’ fees falls short

June 8, 2011

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Retailers, gas stations, restaurateurs and other businesses that regularly receive payment through customer debit cards won the day in the U.S. Senate 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 to […]

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