Topic - Merchants Payments Coalition

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  • Retailers may take to court the Federal Reserve's decision nearly doubling the amount banks can charge on "swipe fees." Starting in October, they can charge stores up to 21 cents per transaction every time a customer pays with a debit card. (Associated Press)

    Retailers to fight new debit card fees

    Angry retailers Thursday promised to fight a new Federal Reserve decision reversing its previous position and nearly doubling the maximum amount banks can charge on "swipe fees" when customers make debit card purchases.

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