TITLE

Pricing Moves May Affect Small Debit Purchases

PUB. DATE
October 2011
SOURCE
Credit Union Journal;10/3/2011, Vol. 15 Issue 38, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the insights of various credit union (CU) chief executive officers (CEOs) on the impact of the new debit interchange guidelines to small-ticket purchases in the U.S. Thomas McCrohan says that small-ticket transactions will default to the 23 percent regulated cap. Bill Hardekopf mentions that merchants will require consumers to spend at least 10 dollars to use a debit card. Moreover, Jim Park notes that the rules create chaos within the financial industry.
ACCESSION #
66678739

 

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