Regulators Pursue Caps on Debit Card ‘Swipe’ Fees
“Federal Reserve issues a final rule establishing standards for debit card interchange fees and prohibiting network exclusivity arrangements and routing restrictions.” Federal Reserve Board of Governors Press Release, June 29, 2011. [Note: description of press release comes from index page.]
Prager, Robin, Mark Manuszak, Elizabeth Kiser, and Ron Borzekowski. “Interchange Fees and Payment Card Networks: Economics, Industry Developments, and Policy Issues.” Federal Reserve Board Finance and Economics Discussion Series No. 2009-23, May 13, 2009.
“The 2010 Federal Reserve Payments Study: Noncash Payment Trends in the United States: 2006-2009.” Federal Reserve System, Dec. 8, 2010.