RPT-PREVIEW-U.S. banks brace for Fed’s debit fee crackdown | Reuters #swipefees


Banks and transaction processors Visa Inc (V.N) and MasterCard Inc (MA.N) collect the fees from retailers every time a customer buys something with a debit card.

The Fed has provided little indication of how it plans to restrict interchange fees, and banks and networks say they are uncertain about what to expect

via RPT-PREVIEW-U.S. banks brace for Fed’s debit fee crackdown | Reuters.

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