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Credit and Debit Cards: Federal Entities are Taking Actions to Limit Their Interchange Fees, but Additional Revenue Collection Cost Savings May Exist
Fed. agencies, corp., and others are users of cred

Our Price: $25.00
By Richard J. Hillman (au)
Year: 2008
Pages: 58
Binding Paperback

Product Code: 1437905307

Fed. agencies, corp., and others are users of credit and debit cards, as both “merchants” and purchasers. Merchants accepting cards incur fees paid to banks to process the 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. entities’ acceptance of cards; (2) the effects of other countries’ 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 governments. Includes recommendations. Charts and tables.

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