NACS Calls Fed’s Final Rule ‘An Irresponsible Abdication of Its Legal Duty’ | NACS Online > News & Media Center > News


The final rules issued today set a per-transaction debit swipe fee of 21 cents, which is significantly higher than the Federal Reserve’s originally proposed rate of 7 cents or the compromise rate of 12 cents. The rules also add 0.05 percent of the transaction amount for fraud prevention.

via NACS Calls Fed’s Final Rule ‘An Irresponsible Abdication of Its Legal Duty’ | NACS Online > News & Media Center > News.

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