Merchants Take Swipe at the New Debit Fees

Merchants Take Swipe at the New Debit Fees

The Wall Street Journal has published an eye-opening article about debit card transaction fees, “Merchants Take Swipe At the New Debit Fees” states:

“Heartland Payment Systems Inc., which processes electronic payments for small businesses, says it has passed on $25 million of savings to its customers as a result of the lower debit-card fees.

“I think what we’re doing is the right thing,” says Robert Carr, chief executive of the Princeton, N.J., payment processor, which has set up a website with a running tote board that tallies up the savings so far.”

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