Peter Welch Quotes About Debit Cards
We have collected for you the TOP of Peter Welch's best quotes about Debit Cards! Here are collected all the quotes about Debit Cards starting from the birthday of the U.S. Representative – May 2, 1947! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 2 sayings of Peter Welch about Debit Cards. We will be happy if you share our collection of quotes with your friends on social networks!
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Last year, Congress passed a law that directs the Federal Reserve to set limits on debit card swipe fees that are reasonable and proportional to the cost of processing those transactions. Like most Americans, I had no idea that swipe fees charged to American businesses are the highest in the world.
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Swipe fees have increased steadily since the introduction of debit cards 20 years ago, when there were no swipe fees at all. Merchants can't negotiate or control them. They've tried, but they have no leverage against the big banks and issuers. So they get ignored.
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