Credit Card Services and the Visa-MasterCard Duopoly - 0 views

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  #1 james jack on 25 Jul 13

   

  Swiping fees, also known as interchanging fees, were originally designed to protect consumers against fraud and to reduce the burden of overhead costs. Merchants using credit card services have been increasingly agitated by the idea that banks are using swiping fees for profit, however, which has spawned the creation of the Durbin Amendment to the Dodd-Franklin Act.

   

  <div class="cArrow"> </div><div class="cContentInner">Swiping fees, also known as interchanging fees, were originally designed to protect consumers against fraud and to reduce the burden of overhead costs. Merchants using credit card services have been increasingly agitated by the idea that banks are using swiping fees for profit, however, which has spawned the creation of the Durbin Amendment to the Dodd-Franklin Act.</div>

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