VendingMarketWatch Technology Podcast: Why The Durbin Amendment Won’t Affect Cashless Vending

July 18, 2011

John Powell, a vending cashless vending veteran, says the Durbin amendment, which limits the fee that banks can charge retailers for debit card transactions, has no impact on the vending industry. In an interview with Elliot Maras, editor of Automatic Merchandiser Magazine, Powell notes that the cost that Durbin addresses is a small part of the cashless investment that vending operators must consider. 



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...