TITLE

New Debit Rules Could Drive More Business, First Data Says

PUB. DATE
November 2010
SOURCE
ISO & Agent Weekly;11/ 5/2010, Vol. 6 Issue 40, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the prediction of the executives at First Data Corp. that the unwritten debit-interchange rules and restrictions on network agreements of the U.S Federal Reserve Board could help their business. Ed Labry, president of retail and alliance services at First Data, states that the regulations will lead to new products and service. The company mentions that their performance was boosted by network fee revenue since card-association fees and transaction volumes has increased.
ACCESSION #
66210324

 

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