Debit Interchange Cuts May Drive More Consumers To Credit Cards – PaymentsSource Article #swipefees


New Federal Reserve Board rules that on Oct. 1 will reduce debit card interchange revenue for larger issuers may cause banks to raise fees associated with using debit cards, and that could drive consumers to use credit cards more, a new research paper from the Federal Reserve Bank of Boston contends.

via Debit Interchange Cuts May Drive More Consumers To Credit Cards, Report Suggests – PaymentsSource Article.

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