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Debit Card Fee Caps From The Point Of View Of Small Businesses

Monday, December 20, 2010 - 6:42 AM
The Fed's proposed cap on debit card interchange fees may be worrisome for banks and those with reward checking accounts, but small businesses are looking forward to changes. This CNNMoney.com article has a review of this issue from the point of view of small businesses:
Dennis Lane spends between $600 and $700 a month on electronic interchange fees at his 7-Eleven convenience store in Quincy, Mass. About 80% of the fees stem from debit card transactions

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Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
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