#SwipeFees Cost US Taxpayers Mlns Of DollarsReport | Cmemarkets.com


A U.S. Treasury report released Monday found that the agency could save

taxpayers an estimated $36 million to $39 million annually if the federal

government could negotiate the fees with Visa Inc. (V) and MasterCard Inc.

(MC). Retailers–and now the federal government–argue that they have limited

leverage to negotiate the fees they must pay each time a customer uses a credit

or debit card.

READ ARTICLE: via DJ UPDATE Swipe Fees Cost US Taxpayers Mlns Of DollarsReport | Cmemarkets.com – Business News, Financial News, Stock Market Analysis, Technology & Global Headline News.

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