Fed. agencies, corp., and others are users of credit and debit cards, as both AimerchantsAi and purchasers. Merchants accepting cards incur fees paid to banks to process the transactions. For Visa and MasterCard transactions, a large portion of these fees -- referred to as interchange -- goes to the card-issuing banks. Some countries limit these fees. This report examines: (1) the benefits and costs assoc. with fed. entitiesAi acceptance of cards; (2) the effects of other countriesAi actions to limit interchange fees; and (3) the impact on fed. entities of using cards to make purchases. The author analyzed fee data and info. on the impact of accepting and using cards, interviewed officials of major card co., and 3 foreign govAits. Includes recommendations. Charts.Federal Entities Are Taking Actions to Limit Their Interchange Fees, But Additional Revenue Collection Cost Savings May ... their own credit and debit card-processing programs and pay the associated fees for processing card transactions.
|Title||:||Credit and Debit Cards|
|Author||:||Richard J. Hillman|
|Publisher||:||DIANE Publishing - 2008-10-01|