Banks could get a reprieve at the expense of merchants and taxpayers when the Fed votes on the...

|By:, SA News Editor

Banks could get a reprieve at the expense of merchants and taxpayers when the Fed votes on the debit-card swipe rule tomorrow. They're hoping certain provisions of the statute will be interpreted to allow the cap on what they can charge be raised from the proposed $0.07-$0.12 a swipe to $0.20.