The Federal Reserve won’t adjust the Durbin Amendment caps on debit card swipe fees.
Leave tips in the jar with a credit card, pay less for gas with a Walmart card, and pay more for airfare with a credit card.
Walmart urged other merchants to reject a proposed settlement over credit card swipe fees. Whose side are you on?
A new research paper, “Where’s the Debit Discount?” has concluded debit card swipe fee caps mandated by the Durbin Amendment haven’t resulted in price savings for consumers. The 17-page paper was published by the Electronic Payments Coalition, or EPC, a group of banking industry associations, banks, credit cards and debit payment-processing companies. The paper states