Interchange Fees Will Cost Banks, Without Long-Term Benefits to Merchants — Seeking Alpha


The newly ratified Durbin Amendment — which gives the Federal Reserve power to regulate the interchange fees that banks can charge merchants for debit card transactions — stands to cost the banking industry between $3.6 billion and $9.6 billion annually, according to a CardHub.com study. Card Hub estimates that the losses will come as a result of the Fed lowering these debit card processing fees by as much as 50% in the coming year.

via Interchange Fees Will Cost Banks, Without Long-Term Benefits to Merchants — Seeking Alpha.

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