TITLE

ISOs Will Feel the Interchange Amendment on the Bottom Line

AUTHOR(S)
Fitzgerald, Kate
PUB. DATE
July 2010
SOURCE
American Banker;7/7/2010, Vol. 175 Issue 103, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on how a U.S. regulatory reform bill concerning debit card interchange fees, which is expected to become law in 2011, will affect independent service organizations. The role of Federal Reserve banks in setting rates for debit transactions is mentioned. The views of business consultant Steve Mott and trade association spokesperson Jeff Lenard are noted. The opposition of the Electronic Transactions Association to the legislative bill is noted.
ACCESSION #
52012602

 

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