Federal Reserve Board Decision Limits Debit Card Transaction Fees, Drawing Criticism From Foodservice Industry

June 30, 2011

The Federal Reserve Board’s decided Wednesday to set debit-card “swipe” or “interchange” fees at a maximum limit of 21 cents per transaction, a higher rate than originally had been anticipated, drawing criticism from foodservice and other trade associations, according to Nation’s Restaurant News. 

For the full story click here.



Convenience Store Industry Applauds Senate Vote On Debit Card Fee Reform

June 10, 2011
Jeff Miller, chairman of the National Association of Convenience Stores, applauded the U.S. Senate’s recent rejection of a bill to delay debit card swipe fee reform, according...

Wall Street Journal Blasts U.S. Senate Over Debit Card Fee Vote

June 9, 2011
The Wall Street Journal, in an editorial titled, “Swiping the Swipe Fees,” criticized the U.S. Senate failure to pass a bill known as the Tester amendment that would have delayed...
Creditcardoptionsincreaseforve 10281231

Senate Votes Down Bill To Delay Debit Card Fee Limits

June 9, 2011
A bill that would have delayed the Federal Reserve's proposed caps for debit card interchange fees failed to get the necessary votes in the U.S. Senate, according to www.pymnts...