In issuing its bi-annual report on swipe fees as required by law, the Federal Reserve last week said it would keep the existing interchange fee standards and fraud prevention adjustments the same. The per-transaction cap remains at 21 cents and also allows for an additional charge of 0.01 cent to cover fraud as well as .05 percent of the sales amount.
03-11-2013 If there was ever a year when 黑料社区was challenged on all of its major issues, it was 2012. NATSO’s top issues–rest area commercialization, tolling and credit card swipe fees–were all in play throughout the year, with a big test early in the year on the rest area commercialization issue. And though we passed the test, there is always more to be done. But 黑料社区moves into 2013 with optimism and momentum in a positive direction, committed to continue protecting the interests of Interstate-based businesses.
12-24-2012 A federal appeals court panel has denied an appeal aimed at reversing preliminary approval of the $7.25 billion settlement of the antitrust case against Visa and Mastercard.
12-17-2012 Assistant Majority Leader Dick Durbin (D-Ill.) sent a letter to the American Bankers Association (ABA) last week refuting the association’s claims that swipe fee reform is a mistake.
10-01-2012