Instead, according to the Huffington Post, here's the official statement from a "Visa spokesperson" Editor's Note: I took the liberty to identify the BSMS* (Both Sides of the Mouth Syndrome) and I highlighted in yellow what the spokesperson's conscience couldn't prevent them from saying...
A spokesperson for Visa, Inc. said the average Visa Debit transaction fee rose by less than 4 percent. "Most of Visa's U.S. debit rates have not changed*," she said. "Visa, Inc., did recently make a variety of program and interchange modifications to make digital currency even more convenient for consumers and merchants and to facilitate continued growth for Visa and its clients."
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.Continue Reading at the Huffington Post
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