The Fed will allow a base debit card swipe fee of 21 cents, higher than an initial proposed cap...
The Fed will allow a base debit card swipe fee of 21 cents, higher than an initial proposed cap of 7-12 cents. The new rule would go into effect on October 1. Visa (V) and Mastercard (MA) say "yes." V +10.1%, MA +9.2%.
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