Visa and MasterCard's Loss Won't Be Your Gain

Dan Caplinger of Motley Fool writes that consumers aren't very likely to benefit at all if interchange fees are regulated/reduced.  The money will simply go from profit in the pockets of the banks to savings for the pockets of the retailers.



"When new laws decrease fees, you'd think most people would end up better off. Yet the much-ballyhooed new regulation on credit card interchange fees may end up doing ordinary consumers more harm than good."
More at Motley Fool 











Related articles by Zemanta
Reblog this post [with Zemanta]

Posted by John B. Frank Monday, May 24, 2010
edit post

0 comments

Payments Industry News Blog

Search the PIN Debit Blog by Subject

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers