Fed. agencies, corp., and others are users of credit and debit cards, as both AimerchantsAi and purchasers. Merchants accepting cards incur fees paid to banks to process the transactions. For Visa and MasterCard transactions, a large portion of these fees -- referred to as interchange -- goes to the card-issuing banks. Some countries limit these fees. This report examines: (1) the benefits and costs assoc. with fed. entitiesAi acceptance of cards; (2) the effects of other countriesAi actions to limit interchange fees; and (3) the impact on fed. entities of using cards to make purchases. The author analyzed fee data and info. on the impact of accepting and using cards, interviewed officials of major card co., and 3 foreign govAits. Includes recommendations. Charts.NaBanco In this 1980s case, NaBanco claimed that the setting of credit card interchange fees by Visa member banks constituted unlawful price fixing.1 NaBanco was a third-party enterprise that processed credit card transactions for its clientanbsp;...
|Title||:||Credit and Debit Cards|
|Author||:||Richard J. Hillman|
|Publisher||:||DIANE Publishing - 2008-10-01|