BAVIS_1170x120_10-22-20

Merchants Payments Coalition

Merchants call on Fed to cut debit card swipe fees

Merchants call on Fed to cut debit card swipe fees

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. The swipe fee regulations were adopted a decade ago, and a new Fed report shows that banks’ average cost of processing the transactions has since fallen by half. “The Fed