The Debit Is in the Details
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Posted 09.06.2011
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New York
Read More:
JP Morgan Chase,
Debt,
Payments,
Checking Account,
Ecommerce,
Check Cashing,
Debit Cards,
Money,
Shopping,
Economy,
Wells Fargo,
Prepaid Cards,
Employment,
Rewards,
Federal Reserve,
Jobs,
National Trend,
Retail Stores,
Holiday,
Credit Cards,
Labor Day,
Revenue,
Spending,
Banks,
Consumers,
Fees,
Customers,
Cash,
Debit Cards Rewards Program,
Swipe Fees,
New York News
In August, the Federal Reserve imposed a cap on the fees banks can charge retailers every time customers swipe their debit cards. Why is that important? In addition to banks, consumers may be the biggest losers.
