Jon Tester Backpedals In Multibillion-Dollar Swipe Fee Fight


This pocket change for a each transaction collectively amounts to billions of dollars every month. According to data from finance industry publication The Nilson Report, debit card swipe fees generate $1.35 billion for banks each month, or $16 billion a year. About $8 billion of that total flows to just 10 big Wall Street firms.

via Jon Tester Backpedals In Multibillion-Dollar Swipe Fee Fight.

Advertisements

Comments are closed.

%d bloggers like this: