Are credit card companies telling the truth about fees? – Haaretz Daily Newspaper | Israel News


Antitrust Commissioner Ronit Kan has been fighting the credit card companies for years over the interchange fees, and in 2006 she struck a deal with them to reduce the fees from 1.25% – the rate at the time – to 0.875% by 2012. The rates are scheduled to drop next month from their current level of 1.1% to 0.975%.

READ ARTICLE via Are credit card companies telling the truth about fees? – Haaretz Daily Newspaper | Israel News.

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