When it comes to paying for retail purchases, the majority of consumers prefer to use plastic rather than cash. While consumers prefer the ease of paying with plastic, retailers have maintained that fees levied by banks for processing transactions are exorbitantly high and ultimately wind up being passed along in higher prices to shoppers. Is the Credit Card Fair Fee Act (H.R. 5546) the right approach to the interchange fee problem?

REGISTRATION ONLY TAKES A MINUTE!
To read the complete content of this article and participate in the discussion, click the button below and sign up now! Existing subscribers, use the login below.