The Fed will allow a base debit card swipe fee of 21 cents, higher than an initial proposed cap...

|By:, SA News Editor

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%.