WASHINGTON — In a first-ever webcast meeting of the Federal Reserve Board last week, its members voted unanimously in favor of a proposed rule that would limit debit-card interchange fees. Retailers have long sought government intervention on the fees, which are assessed on both credit- and debit-card transactions by the card issuers. Retailers have claimed — and the Federal Reserve Board seemed to agree — that the free-market system was not having the effect of restraining the fees through ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.