Vending Technology Consultant Glenn Butler Notes New Debit Card Fees Challenge Cashless Vending

Oct. 4, 2011

Glenn Butler, a vending technology consultant (CTO Services Inc., Boston, Mass.), notes that the debit swipe fee increases for small ticket transactions announced by Visa and MasterCard are a serious issue for the vending industry. Interviewed by Elliot Maras, editor of Automatic Merchandiser Magazine, Butler notes that the Durbin amendment has resulted in a decision by the institutions to boost small transaction fees. 

Related

Visa Logo
Sept. 29, 2011
Analysts say Visa Inc. and MasterCard Inc. plan to raise debit card interchange fees charged for small-ticket purchases, according to Bloomberg.The fees would increase from 8 ...