TITLE

New bill, if passed, should ease interchange fees

PUB. DATE
April 2008
SOURCE
Progressive Grocer;4/1/2008, Vol. 87 Issue 4, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the introduction of the U.S. bipartisan bill House Resolution 5546, which applies to electronic payment systems such as debit and credit cards. The bill promises to save consumers and retailers billions of dollars, by requiring that Visa and MasterCard credit card transaction fees be based on what would be charged in a truly competitive market. Under the proposed law, a committee of merchants and representatives of card companies and banks would be required to negotiate uniform fees for debit and credit card transactions.
ACCESSION #
32062522

 

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