Visa, MasterCard Still Strong as Congress Attacks Bank Fees | InvestorPlace


Furthermore, it remains to be seen to what extent to banks will scale back their issuance of debit cards. The long-term, secular trend is toward electronic payments, and it is hard to imagine Americans abandoning their cards and returning to paper checks or cash any time soon. While the rate of growth might slow, in the end most Americans would acquiesce to paying a nominal fee before they abandoned their cards.

via Visa, MasterCard Still Strong as Congress Attacks Bank Fees | InvestorPlace.

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