http://ficoforums.myfico.com/t5/Credit-in-the-News/Happy-anniversary-swipe-fee-reform-Opinion-Article/m-p/1620872#M8741 <p>I haven't noticed any reductions in prices from merchants after the debit card swipe fee reform bill passed.  I disagree with the article that merchants didn't just pocket the difference.  They definitely did.  If a merchant is only making 1-3% profit on their goods, they clearly don't possess good business skills and I have a really hard time feeling sympathetic.</p> Tue, 02 Oct 2012 18:10:02 GMT lithium78 2012-10-02T18:10:02Z http://ficoforums.myfico.com/t5/Credit-in-the-News/Happy-anniversary-swipe-fee-reform-Opinion-Article/m-p/1619112#M8739 <p>First couple of lines:</p><p> </p><p>October 1 marks the one-year anniversary of the implementation of debit card  swipe fee reform. It’s a reform that is working well and is a good start toward  bringing transparency and competition to debit and credit card swipe fees.</p><p> </p><p>As a strong advocate of the free market system, I’m confident that I know a  free market when I see one. The credit and debit card swipe fee system is in no  sense a free market.</p><p> </p><p><a href="http://www.politico.com/news/stories/0912/81843.html?hp=l22" target="_blank">http://www.politico.com/news/stories/0912/81843.html?hp=l22</a></p><p> </p><p> </p> Mon, 01 Oct 2012 21:44:04 GMT http://ficoforums.myfico.com/t5/Credit-in-the-News/Happy-anniversary-swipe-fee-reform-Opinion-Article/m-p/1619112#M8739 pipeguy 2012-10-01T21:44:04Z http://ficoforums.myfico.com/t5/Credit-in-the-News/Happy-anniversary-swipe-fee-reform-Opinion-Article/m-p/1620872#M8741 <p>I haven't noticed any reductions in prices from merchants after the debit card swipe fee reform bill passed.  I disagree with the article that merchants didn't just pocket the difference.  They definitely did.  If a merchant is only making 1-3% profit on their goods, they clearly don't possess good business skills and I have a really hard time feeling sympathetic.</p> Tue, 02 Oct 2012 18:10:02 GMT http://ficoforums.myfico.com/t5/Credit-in-the-News/Happy-anniversary-swipe-fee-reform-Opinion-Article/m-p/1620872#M8741 lithium78 2012-10-02T18:10:02Z