“Despite a recent study that found swipe fees are stalling the creation of nearly a quarter million U.S. jobs, Visa raised its debit card interchange rate for American retailers to .95 percent plus $.20 per transaction in April, according to the Retail Industry Leaders Association. In contrast, Visa Europe announced Monday that it would be capping transaction fees at 0.2 percent for the next four years.” “While most Western economies have taken action to rein in excessive debit card swipe fees, here in the U.S., the credit and debit card industry continues to hurt retailers and consumers by setting rates indiscriminately and raising rates at will,” said John Emling, senior vice president for government affairs at Retail Industry Leaders Association, in a statement. “Without interchange reforms in the U.S., reform in Europe means the credit card industry will look to American retailers and consumers to make up lost revenue.” Nice, another area where the US gets to subsidize the EU.
May be we(our people) are more likely living on credit card
pupdawg82 Wrote: ------------------------------------------------------- > May be we(our people) are more likely living on > credit card Our credit is proper son. Check your people in Europe for ‘living on credit’.