CREDIT CARDS: Rising Interchange Fees Have Increased Costs for Merchants, but Options for Reducing Fees Pose Challenges

Cackley, Alicia Puente
November 2009
GAO Reports;10/19/2009, preceding p1
Government Documents
The article focuses on a study done by the U.S. Government Accountability Office (GAO) to review the credit card payment market, as directed by the 2009 Credit Card Accountability, Responsibility, and Disclosure Act. It reports on the findings of GAO related to the factors affecting the competitiveness of the credit card market, and the benefits and costs to merchants of accepting cards. It describes how proposals for reducing interchange fees pose various challenges for implementation.


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